Which of the Following Is the Reason Why Normative Myopia

question 39

Multiple Choice

Which of the following is the reason why normative myopia is especially liable to occur in a business context?

• A)The fast paced world of business allows little time for contemplation on ethics.
• B)Business attracts people from diverse backgrounds,which makes it difficult to identify ethical standards agreeable to everybody.
• C)People are more likely to focus on the technical aspects of the task at hand in a business context,and thus,fail to recognize the ethical aspect.
• D)Ethics can justifiably be allowed to take a backseat in a business context.

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Definitions:

Subsidiary Company

A company that is completely or partially owned and wholly controlled by another company, which is referred to as the parent company.

Cost Method

An accounting method for investments where the investment is recorded at the purchase cost, without recognizing subsequent changes in market value.

Semiannual Receipt

Payments or incomes that are received twice a year.

Accrued Interest

The amount of interest that has been incurred but not yet paid over a particular period.