________ Are the Codes of Moral Principles and Values That

question 109

Multiple Choice

________ are the codes of moral principles and values that govern the behaviors of a person or a group with respect to what is wrong.

• A) Laws
• B) Ethics
• C) Principled heuristics
• D) Sociocultural norms
• E) Governing norms

---

Definitions:

Underlying Assets

The financial assets or instruments upon which financial derivatives are based.

Insurance Policy

A contract between an insurer and a policyholder that specifies the terms and conditions under which the insurer agrees to compensate the policyholder for loss caused by specific events.

Limited Liability Corporation

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation, protecting owners' personal assets from business debts.

Limited Liability Company

A legal structure for businesses where the owners have limited personal liability for the company's debts and actions.