In Determining Whether a Decision Is Ethical, Teleological Ethical Theories

question 30

True/False

In determining whether a decision is ethical, teleological ethical theories focus on the consequences of the decision.

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Definitions:

Profit Share

The portion of a company's profits allocated to employees or partners as a bonus or incentive.

Capital Balances

Refers to the amount of money that each partner in a partnership has contributed and maintained in the business.

Net Income

The total profit or loss of a company after all expenses, including taxes and operating costs, have been deducted from total revenues.

Book Value

The net value of a company's assets as recorded on its balance sheet, subtracting liabilities from total assets.