Ethics for the Greater Good,a Theory More Focused on the Outcome

question 71

Multiple Choice

Ethics for the greater good,a theory more focused on the outcome of your actions rather focusing on the apparent virtue of the actions themselves is also referred to as __________.

• A)virtue ethics
• B)normative ethics
• C)ethical relativism
• D)utilitarianism

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Definitions:

Trade-In Allowance

The amount a seller allows a buyer for a fixed asset that is traded in for a similar asset.

Book Value

The net value of a company's assets and liabilities as recorded on the balance sheet, often compared to market value.

Fixed Asset

Long-term tangible property owned by a business, intended for use in the production of income and not quickly converted into cash.

Plant Asset

Long-term tangible assets used in the operations of a business that are not intended for sale.