A Code of Professional Ethics Should Be Designed to Elicit

question 31

Multiple Choice

A code of professional ethics should be designed to elicit professional behavior that is:

• A) equal to that required by the law.
• B) ideal.
• C) below the ideal but above the law.
• D) not directly addressed by the law.
• E) equal to the ideal.

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Definitions:

Annual Rate of Interest

The yearly interest rate charged on borrowed money or paid on investments, expressed as a percentage of the principal.

Retirement

The period in one's life when they choose to permanently leave the workforce behind and cease employment.

Average

A statistical measure representing the central or typical value in a set of data, often calculated as the sum of the values divided by the number of values.

Increase in Value

The appreciation or growth in the worth of an asset or investment over time.