Brad Is in an Electronics Store with His Parents

question 218

Multiple Choice

Brad is in an electronics store with his parents. He looks at the CDs and thinks for a moment that he could grab one and put it beneath his coat. As he considers this possibility, he decides not to do it because he might get caught and his parents would punish him. What stage of moral development does Brad's decision represent?

• A) preoperational
• Choices.
• B) preconventional
• Result from an action.
• C) autonomous moral principles
• D) conventional role conformity

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Owner's Equity

Owner's equity represents the owner's claims on the assets of the business, calculated as total assets minus total liabilities.

Creditors' Risk

The level of risk that creditors face regarding the possibility of not receiving back the principal and/or interest on loans issued to borrowers.

CPA

Certified Public Accountant, a designation given to someone who has passed the Uniform CPA Examination and met additional state education and experience requirements in accounting.