Which of the following should be the first step in assessing ethical behavior in a certain situation?
A) Seek the advice of managers.
B) Make a judgment based on the outcome of the activity.
C) Consider appropriate moral values.
D) Collect facts related to the situation.
E) Gather a range of opinions on the effectiveness of the policy.
Answer: D
Explanation: D) There are three steps for applying ethical judgments to situations that may arise including first, gathering relevant factual information, analyzing the facts and finally, making an ethical judgment based on the rightness or wrongness of the proposed activity or policy.
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Fiduciary duty in a partnership context best translates as:
A) You must put the other partners' interests ahead of your own. B) Each partner must watch out for her own interests. C) Every partner for himself. D) You must act honestly E) Both B and C
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A. 1.14 B. 0.90 C. 1.44 D. 1.20 E. 1.56
Delventon Bank offers loans to multinational corporations which can be returned over an extended period along with interest. The bank issues such loans in the form of bonds. Which of the following financing options is being offered by Delventon Bank in the given scenario?
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