Which of the Following Statements Is True of Ethics

question 50

Multiple Choice

Which of the following statements is true of ethics?

• A) It always complies by the rules.
• B) It emphasizes perseverance for future betterment.
• C) It is only a part of formal institutions.
• D) It is deeply reflected in formal laws and regulations.

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Definitions:

Publicly Traded Corporations

Companies whose shares are offered for sale to the general public through a stock exchange.

State

A politically organized body of people usually occupying a definite territory; especially one that is a constituent of a federal republic like the USA.

No-Par Shares

Stocks issued without a par value, meaning the company does not assign a formal value to them, but they still represent ownership in the company.

Shareholder

An individual or organization that owns shares in a corporation and has potential voting rights.