Ethics Is: • Not About Personal Value Systems

question 14

Short Answer

Ethics is:
• not about personal value systems
• a set of moral principles and values used to answer questions about right and wrong
• not important in the service industry
• only a management concern

---

Definitions:

Credit Card Expense

Costs associated with accepting credit card payments, including fees and interest charges.

Credit Sales

Sales transactions where payment is not received at the time of sale but is agreed to be paid at a later date, often tracked through invoices.

Major Bank Credit Cards

Credit cards that are widely accepted and issued by large, well-known banks, often featuring various benefits and rewards.

Maturity Date

The specific date on which the principal amount of a loan, bond, or other financial instrument is due to be paid in full.