1 1. Max, the president of Maxwell, Inc. decides to take a personal pay cut instead of laying off10,000 employees. He made this decision because the majority of his employees would benefitby maintaining a job. What view, or ethical principle, did Max use to make this decision?Outilitarian viewOrights viewOjustice viewO social view(1 pe2. Carl 1s participating in a group meeting conducted via an online meeting platform. He votes onult.aspx?idSection3D15655848idLesson=1222407&idWebuser=434857057°F直

Answered: Max, the president of Maxwell, Inc.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1. Max, the president of Maxwell, Inc. decides to take a personal pay cut instead of laying off
10,000 employees. He made this decision because the majority of his employees would benefit
by maintaining a job. What view, or ethical principle, did Max use to make this decision?
Outilitarian view
Orights view
Ojustice view
O social view
(1 pe
2. Carl 1s participating in a group meeting conducted via an online meeting platform. He votes on
ult.aspx?idSection3D15655848idLesson=1222407&idWebuser=4348570
57°F
直

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Ethics have an important place in the organisation and for all the managers and employees in the organisation. Ethics says that how people should behave and their actions.

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