Most People Agree on a Universal Way to Approach Ethics

question 20

True/False

Most people agree on a universal way to approach ethics and therefore,there is widespread agreement as to the appropriate behaviour by business in society.

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Definitions:

Profits

The financial gain made in a transaction or operation, calculated as the difference between revenue and costs.

Compounded Annually

This refers to the process where interest is added to the principal sum, so that from that moment on, the interest that has been added also earns interest, being calculated and added to the account annually.

Simple Interest

Interest calculated on the principal amount of a loan or deposit, without compounding over time.

Savings Account

A deposit account held at a bank that provides interest on the funds deposited.