When Making a Decision on How to Discipline an Employee,Peter

question 52

Multiple Choice

When making a decision on how to discipline an employee,Peter asks himself how he would feel if someone made the decision about him.It appears Peter is using the ______ ethical approach.

• A) Golden Rule
• B) code of ethics
• C) stakeholders' approach
• D) discernment and advice

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Definitions:

Contractual Obligation

A contractual obligation is a duty or responsibility that one party is legally bound to perform under a contract agreement with another party.

Cash Consideration

Payment made in cash during a transaction, as opposed to stock exchange or other non-cash assets.

Amortised Cost

A financial valuation technique that gradually writes off the initial cost of an asset over a period, or the method of allocating the cost of an intangible asset over its useful life.

Effective Interest Rate

The rate that discounts the estimated future cash payments or receipts through the expected life of the financial liability or asset or, when appropriate, a shorter period to the net carrying amount of the financial asset.