Principles Are Basic Assumptions Concerning the Business Environment

question 32

True/False

Principles are basic assumptions concerning the business environment.

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Definitions:

Rawlsian View

A philosophical approach to justice that emphasizes fairness and equality, proposing principles to structure society in a way that benefits the least advantaged members.

Equity

The ownership interest in a corporation in the form of common stock or preferred stock, representing a share of the company's assets and profits.

Utilitarian View

A perspective in ethics and philosophy that emphasizes the greatest happiness or utility for the greatest number as the primary consideration in decision making.

Equity

In finance, it refers to the value of an ownership interest in property, including shareholders' equity in a corporation. In economics, it often refers to fairness or justice in the distribution of wealth and resources.