Which of the Following Ethical Frameworks Focuses on the Duty

question 30

Multiple Choice

Which of the following ethical frameworks focuses on the duty or obligation in determining whether the actions are wrong or right?

• A) Teleological
• B) Sidgwick's dualism
• C) Deontological
• D) Ethical egoism

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Definitions:

Statement of Stockholders' Equity

A financial report detailing changes in the equity section of the balance sheet, including shares, dividends, and earnings over a period.

Closing Entry

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders.

Retained Earnings

The portion of net earnings not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.