When evaluating a decision based on the ethical norm of rights, a manager is MOST likely to consider which of the following questions?
A) Is the decision consistent with what we regard as fair?
B) Does the decision respect the individuals involved?
C) Is the decision consistent with people's responsibilities to each other?
D) Does the decision optimize the benefits for those who are affected by it?
E) Does the decision comply with current legislation?
Answer: B
Explanation: B) The ethical norm of rights addresses the rights of individuals involved with the decision and whether the decision respects those individuals' rights.
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The main purpose of a market-value balance sheet is to:
A) value assets and liabilities without GAAP restrictions. B) show an inflated value of the firm. C) avoid the recording of certain liabilities. D) improve the credit rating of the firm.
The beneficiary on Lina's life insurance policy is listed as "children of the insured." Which of the following terms best describes this type of beneficiary designation?
A) Basic beneficiaries B) Class beneficiaries C) Generational beneficiaries D) Juvenile beneficiaries"