James Rest's Model of Ethical Action Involves Four Components Inherent

question 53

Multiple Choice

James Rest's model of ethical action involves four components inherent to the ethical decision-making process.Which of the following relates to a person's moral judgment?

• A)Interpreting a situation as a moral dilemma
• B)Willingness to place ethical values ahead of non-ethical values
• C)Intention to act ethically aligning to his values
• D)Outcome of one's prescriptive reasoning

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Definitions:

Retained Earnings

Retained earnings are the portion of a company's net income that is kept within the company instead of being paid out to shareholders as dividends, often used for reinvestment in the business or to pay down debt.

Revenue Accounts

Accounts that track the income generated from the company's primary operations and other activities.

Expense Accounts

Accounts used to track money spent or costs incurred in a company's operation to generate revenue.

Year-End Closing Process

The series of steps taken to close out business accounts at the end of the fiscal year, preparing the books for the next fiscal period.