Briefly Describe the Four Philosophies Related to Ethics a Person

question 40

Essay

Briefly describe the four philosophies related to ethics a person can use to evaluate alternatives he or she has generated to solve a problem.

---

Definitions:

Financial Statements

Documents that provide an overview of a company's financial condition, including its income statement, balance sheet, and cash flow statement.

Risks and Benefits

The potential negative outcomes (risks) and positive outcomes (benefits) associated with a particular action or decision.

Lessor

The owner of a property who leases it to another party, known as the lessee.

Sales-type Lease

A lease agreement where the lessor transfers ownership of the asset to the lessee by the end of the lease term, often used in the financing of equipment.