An Ethical Principle Based on the Idea That an Individual

question 57

Multiple Choice

An ethical principle based on the idea that an individual should maximize their own self-interests is called

• A)unethical egoism.
• B)ethical egoism.
• C)conscience egoism.
• D)conventional egoism.

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Definitions:

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Loan

A sum of money that is borrowed and is expected to be paid back with interest.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in lending rates.

Negotiable

Capable of being transferred or sold with ease and having the ability to be converted into cash or equivalent.