Describe the Four Key Ethical Approaches When Making Business Decisions

question 37

Essay

Describe the four key ethical approaches when making business decisions.

Understand the influence of socioeconomic status and personality factors on life success.

Recognize the misuse of intelligence tests and the ethical considerations involved.

Understand the basic requirements and components of a valid e-contract.

Identify the elements that make an offer effective or not.

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Definitions:

Stated Value

An assigned value to no-par value stock by the company for accounting purposes, often used to meet state regulations.

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to a share of the company's profits and voting rights.

Par Value

The face value of a bond or stock as stated by the issuer.

Paid-in Capital

Paid-in capital represents the funds raised by a company through the sale of stock to shareholders, above the par value of the shares.