List the Three Factors That Influence Ethical Decision Making

question 53

Essay

List the three factors that influence ethical decision making. How does training influence these three factors and,thus,improve ethical decision making?

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Definitions:

Note Payable

A written promise to pay a certain amount of money at a future date, often including interest.

Borrower

An individual or entity that takes out a loan from another entity or individual under the agreement to repay the amount borrowed, typically with interest.

Creditor

An individual, company, or institution that lends money or extends credit to another party, expecting to be repaid in the future.

Discount Rate

The interest rate used in discounted cash flow (DCF) analysis to determine the present value of future cash flows.