The Ethical Decision-Making Framework Includes All of the Following Steps

question 55

Multiple Choice

The Ethical Decision-Making Framework includes all of the following steps EXCEPT

• A) identify issues.
• B) promote the firm's corporate social responsibility efforts.
• C) gather information and identify stakeholders.
• D) brainstorm and evaluate alternatives.
• E) choose a course of action.

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Definitions:

Privity of Contract

A legal principle which holds that only parties to a contract can sue or be sued on that contract, highlighting the direct relationship involved.

Void Contract

A legal agreement that is invalid from the outset and has no legal effect, therefore cannot be enforced by law.

Voidable Contract

A legal agreement that may be invalidated or annulled by one or more of the parties involved due to certain conditions.

Privity of Contract

The principle that a contract is a private agreement between the parties who have entered into it, and no one else can claim benefits or be subjected to its obligations.