Standards That Determine How People View Their Responsibilities to Others

question 24

Multiple Choice

Standards that determine how people view their responsibilities to others and how they should act in situations when their own self-interest is at stake are called _____.

• A) societal ethics
• B) occupational ethics
• C) individual ethics
• D) organizational ethics
• E) governmental ethics

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Definitions:

Financing

The act of providing funds for business activities, making purchases, or investing.

Discharged By Frustration

A contract termination because an unforeseen event makes contractual obligations impossible to perform or drastically changes the party's principal purpose for entering into the contract.

Anticipatory Breach

An indication that one party intends not to fulfil their contractual obligations before the time of performance is due.

Freak Airplane Accident

An unusual and unexpected airplane incident resulting in damage or injury.