When Faced with a Conflict Between Law and Conscience,a Person

question 52

Multiple Choice

When faced with a conflict between law and conscience,a person who is at the _____ stage in Kohlberg's theory of moral development will follow conscience,even though the decision might involve personal risk.

• A)universal ethical principles
• B)social systems morality
• C)individualism,instrumental purpose,and exchange
• D)punishment and obedience orientation

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Definitions:

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, typically expressed in years.

Coupon

The interest rate on a bond that the issuer promises to pay to the holder until maturity.

Zero-Coupon Bond

A bond that does not pay periodic interest and is sold at a discount from its face value, with the return being the difference between the purchase price and the bond's face value at maturity.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, often indicating the bond's price volatility.