Law Is Defined as

question 25

Multiple Choice

Law is defined as

• A) formal codes that permit or forbid certain behaviors and may or may not enforce ethics or morality.
• B) a general rule of conduct of personal behavior, based on religious or philosophical grounds.
• C) consensually accepted standards of behavior for an occupation, trade, or profession.
• D) imposing one's morality upon another.
• E) voluntary obligations assumed by an individual or organization.

Understand the impact of inflation on various socio-economic groups.

Learn about interest rates, inflation, and the loanable funds market.

Calculate the present value of a single cash flow and annuities using various interest rates and compounding periods.

Understand and compute the future value of single amounts and annuity cash flows under different compounding frequencies.

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Definitions:

Unconscious

According to Freud, a reservoir of mostly unacceptable thoughts, wishes, feelings, and memories. According to contemporary psychologists, information processing of which we are unaware.

Behaviorism

Behaviorism is a theory of learning based on the idea that all behaviors are acquired through conditioning, asserting that psychological disorders are best treated by altering behavior patterns.

Consciousness

The state of being awake and aware of one's surroundings, thoughts, feelings, and the self.

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.