Payments into Social Security Are

question 32

Multiple Choice

Payments into Social Security are

• A)held in individual accounts until needed.
• B)invested in private securities on behalf of pensioners.
• C)used primarily to pay current recipients of benefits.
• D)kept in the general spending account and used to fund other programs.

Discern the difference between legal and ethical considerations in business decisions.

Define business ethics beyond mere compliance with the law.

Grasp the role of ethics in global business practices.

Comprehend the WH process of ethical decision-making and its application.

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Definitions:

Credits

In accounting, credits refer to an entry on the right-hand side of an account ledger, representing an increase in liability, equity accounts, or revenue, or a decrease in an asset or expense account.

Conversion

The act of changing one form of securities into another, such as converting bonds into shares of stock, or the process of changing one currency into another.

Trading Securities

Financial securities that are purchased and held primarily for sale in the near term to generate income on short-term price differences.

Unrealized Holding

A profit or loss that arises from the change in value of an investment that has not yet been sold or realized.