"We Ought to Stop at a Red Light, Even If

question 24

Multiple Choice

"We ought to stop at a red light, even if no cars are coming and I could get to my destination that much sooner." Identify the ethical approach that follows this line of thought.

• A)Virtue ethics
• B)Utilitarianism
• C)Role ethics
• D)Ethics of principles

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Definitions:

Owner's Equity

Represents the residual value of a business's assets after deducting its liabilities, indicating the ownership interest of the business owners.

Balance Sheet

A financial statement that displays a company's financial position at a specific point in time, showing assets, liabilities, and stockholders' equity.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, including income statement, balance sheet, and statement of cash flows.

Proprietorship

A type of business entity owned and operated by one individual, where there is no legal distinction between the owner and the business.