Which of the Following Is Correct with Regard to the Relationship

question 35

Multiple Choice

Which of the following is correct with regard to the relationship between law and ethics?

• A) The rule of law and the golden rule of ethics demand the same response.
• B) The law may not permit something that would be ethically wrong.
• C) Lawful conduct is always ethical conduct.
• D) Although much of law is based on ethical standards,not all ethical standards have been enacted as law.

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Definitions:

Income Tax

A tax levied by governments on individuals or entities based on their income or profits.

Rebated Money

Funds that are returned to a payer, often as a discount or refund, after a purchase or payment has been made.

Taxpayer Reasoning

The thought process individuals use to evaluate the benefits and costs of paying taxes relative to the services and goods provided by the government.

Income Effect

The alteration in consumption habits of a person or the economy caused by a variation in real income.