The First Principle Function of a Code of Ethics Is

question 13

Multiple Choice

The first principle function of a code of ethics is to provide an enforceable standard of minimally decent conduct for those who fall below that standard. The second principle function is to address every situation that may occur.

• A) Both statements are true.
• B) Both statements are false.
• C) The first statement is true, the second statement is false.
• D) The first statement is false, the second statement is true.

---

Definitions:

Check Payment

A method of payment wherein the payer writes a check to the payee, who then deposits or cashes the check to receive the amount specified.

Teller's Check

A bank check that is drawn on the bank's own funds and signed by a cashier.

Drawer

The entity or person who writes or creates a check, thereby instructing the bank to pay the stated amount to the party named on the check.

Drawee

The party upon whom a check or draft is drawn, typically a bank, that is directed to pay a certain amount of money.