Ultimately, Ethical Choices Are Based on

question 146

Multiple Choice

Ultimately, ethical choices are based on

• A) the personal moral philosophy of the decision maker.
• B) societal culture and norms.
• C) business culture and industry practices.
• D) laws enacted by Congress and regulations by federal and state governments.
• E) chance and opportunity.

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Definitions:

Improvidence

Lack of foresight or care in managing finances, often leading to unnecessary expenditure or loss.

Capacity

The legal ability of a party to enter into a contract.

Severely Intoxicated

A state of being under the influence of alcohol or drugs to a significant degree, impacting cognitive and physical abilities.

Capacity

In law, the ability of an individual to enter into a contract, evidenced by their being of sound mind and of legal age, or by a business to enter into agreements.