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This Ethical Principle Requires the Manager to Calculate Which Course

question 30

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This ethical principle requires the manager to calculate which course of action,among alternatives,will result in the greatest benefit for the company and all workers.


Definitions:

Annual Premium

The amount of money that must be paid once a year to maintain an insurance policy or similar financial product.

Endowment Policy

An insurance policy that pays a specified sum to the policyholder upon a certain date, or to the beneficiaries upon the policyholder's death.

Straight-life Policy

A type of life insurance policy that provides coverage for the policyholder's entire lifetime, with fixed premiums and no expiration.

Maximum Loan

The highest amount of money that a lender agrees to lend to a borrower under specific terms.

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