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Sally has recently graduated from college and has bought a house that was built 50 years ago for $100,000.She used a real estate agent to help her find and purchase the house,and the real estate agent received 6 percent of the value of the sale,or $6,000,to be paid by the seller of the house.The value of GDP in this case would
Ethical Theories
are systematic and coherent frameworks used to guide moral decision-making, encompassing principles like utilitarianism, deontology, and virtue ethics.
Natural Law
A philosophy asserting that certain rights or values are inherent by virtue of human nature and can be universally understood through human reason.
External Objective
Goals or targets set by an organization that relate to interactions with elements outside of the organization, such as market share or customer satisfaction.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another. The obligated party is typically someone entrusted with the care of money or property, like a trustee or corporate officer.
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