Which of the following best characterizes "utilitarianism"?
A) The belief that a person must decide what course of action is proper based on that
person's own set of beliefs or feelings
B) Determining which course of action produces the greatest amount of good for society
C) Consultation of an outside source, such as a book or person, for guidance
D) The belief that the moral rules should be determined by persons who have a "veil of
ignorance" about their place or station in society
B
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What does research show about Wall Street investors’ response to new accounting laws requiring financial transparency?
a. They seek to invest in companies they believe will be most talented at avoiding the provisions of such laws. b. They do not factor it into their calculations because such laws are applied across all companies. c. They react poorly because they know companies will be less capable of maximizing profits. d. They respond favorably because investors prefer higher ethical behavior in companies in which they invest.
The standard paper size for business documents is consistent around the world
Indicate whether the statement is true or false
Under the common law, in order to be enforceable, a modification of an existing contract must be supported by mutual consideration
a. True b. False Indicate whether the statement is true or false
Equity means fairness, especially when applying rules. _________________________
Answer the following statement true (T) or false (F)