Which of the Following Statements Most Accurately Distinguishes Between Laws

question 131

Multiple Choice

Which of the following statements most accurately distinguishes between laws and ethics?

• A) Laws reflect the beliefs of the majority of society while ethics reflect the beliefs of the minority of society.
• B) Ethics deal with religious and moral beliefs while laws deal with social, economic, and environmental behaviors.
• C) Ethics deal with internal (personal) issues while laws deal with external (social) issues.
• D) There is no significant difference between laws and ethics; these terms can be used interchangeably.
• E) Ethics deal with personal moral principles and values whereas laws are society's values and standards that are enforceable in the courts.

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Definitions:

Demand Instrument

A financial instrument that is payable immediately upon demand, such as a check or certain promissory notes.

Definition

A precise statement or description of the nature, scope, or meaning of something.

Check

A draft drawn by a drawer ordering the drawee bank or financial institution to pay a certain amount of money to the holder on demand.

Negotiable

Capable of being transferred or exchanged through endorsement or delivery, usually in the context of financial instruments.