With Regard to the Distinction Between Unethical and Illegal Behaviour

question 248

Multiple Choice

With regard to the distinction between unethical and illegal behaviour, it is correct to say that

• A) something that is illegal is also unethical.
• B) a given act can be ethical, yet illegal.
• C) the distinction between unethical and illegal behaviour has no practical significance.
• D) it is impossible for something to be unethical and legal at the same time.
• E) all of these are correct.

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Definitions:

Investment Turnover

A ratio that measures the efficiency with which a company is able to generate revenue from its investments in assets.

Standard Costs

Predetermined or estimated costs used to measure the performance of a company based on the efficient use of labor and materials.

Actual Costs

The realized expenses incurred in the production of goods or services, as distinguished from estimated costs or budgeted amounts.

Principle of Exceptions

A management principle focusing on the identification and handling of cases that deviate from the norm.