Examlex
Utilizing the ends-based principle to resolve an ethical dilemma necessitates focusing solely on the decisions that other people in your situation would arrive at.
Common Stock
A security that evidences ownership in a corporation. A share of common stock gives the owner a proportionate interest in the corporation with regard to control, earnings, and net assets. Common stock is lowest in priority with respect to payment of dividends and distribution of the corporation’s assets on dissolution.
Proportionate Interest
The share or percentage ownership that an individual or entity holds in a particular asset, reflecting their portion of the total value or earnings.
Corporate Veil
A legal concept that separates the actions of a corporation from its shareholders, protecting them from being personally liable for the company's debts and obligations.
Bankruptcy
A legal proceeding involving a person or business that is unable to repay outstanding debts, resulting in the division of assets among creditors.
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