Describe Kohlberg's model of cognitive moral development.
What will be an ideal response?
Kohlberg's model of cognitive moral development classifies people into categories based on their level of moral judgment. People in the preconventional stage make decisions based on concrete rewards and punishments and immediate self-interest. People in the conventional stage conform to the expectations of ethical behavior held by groups or institutions such as society, family, or peers. People in the principled stage see beyond authority, laws, and norms and follow their self-chosen ethical principles. Some people forever reside in the preconventional stage, some move into the conventional stage, and some develop even further into the principled stage. Over time, and through education and experience, people may change their values and ethical behavior. The last stage is the principled stage wherein people make decisions based on self-chosen ethical principles.
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At the beginning of the year, Fourman Corporation's assets were $270,000 and its stockholders' equity was $243,000 . During the year, assets decreased $35,000 and liabilities increased $10,000 . What was the stockholders' equity at the end of the year?
There is sufficient information on a post-closing trial balance to prepare a balance sheet
Indicate whether the statement is true or false
With respect to business, what do the media, activists, NGOs, and government agencies all have in common?
a. They impose structural restrictions on business behavior. b. They enable unethical behavior by businesses. c. They hold businesses accountable for social consequences of their activities. d. They partner with businesses on community service projects.
Bonus payments, prizes, trips, and other incentives to induce a salesperson to push one product over another are forms of consumer sales promotion.
Answer the following statement true (T) or false (F)