A Normative Approach to Ethical Decision Making

question 115

Multiple Choice

A normative approach to ethical decision making:

• A) reduces ethical dilemmas to easy-to-understand formulas.
• B) uses various approaches to describe guiding values for decisions.
• C) states that everyone must use their employer's value system at work.
• D) dictates only one way to choose to resolve dilemmas.
• E) none of these.

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Definitions:

Typical Corporation

A standard business entity where ownership is divided into shares of stock, offering limited liability to its shareholders and being subject to corporate tax rates.

Disposable Income

Money left for savings and expenditures in households after paying income taxes.

Disposable Income

This refers to the amount of money that households have available for spending and saving after income taxes have been accounted for.

Disposable Income

The total funds available for spending and saving by households after subtracting income taxes.