Rotary International's Four-Way Test Provides a Simple Framework for Decision

question 34

Multiple Choice

Rotary International's Four-Way Test provides a simple framework for decision making that asks us to consider of the things we think,say,or do; the Four-Way Test includes which of the following questions:

• A) is it the Truth?
• B) is it ethically sensitive?
• C) is it morally appropriate?
• D) all of the above
• E) none of the above

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Definitions:

Liquidation

The process of winding down a company by selling off its assets to pay creditors and distribute any remaining assets to shareholders.

Net Pay

Gross pay less payroll deductions; the amount the employer is obligated to pay the employee.

Payroll Taxes

Taxes that employers are required to withhold from employees' paychecks and/or pay on behalf of their employees, including Social Security and Medicare taxes.

Discounting

In finance, refers to the process of determining the present value of a payment or a series of payments that will be received in the future.