Which of the Following Statements Is True of Ethical Standards

question 34

Multiple Choice

Which of the following statements is true of ethical standards?

• A)​Ethical standards are not influenced by a person's code of conduct.
• B)Ethical standards for a profession are based on society's standards.
• C)​Ethical standards are legal standards as per the definition of the term.
• D)​Ethical standards are not reflective of a person's culture.
• E)​Ethical standards have not yet been adopted by the sales profession.

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Definitions:

Filing Jointly

A tax filing status that allows married couples to file their taxes together, combining their income and deductions, potentially leading to lower tax liability.

Tax Credit

An amount subtracted from the income tax owed; the most popular credits are the Child Care Tax Credit and the Earned Income Credit.

Taxable Income

The amount of an individual's or corporation's income used to determine how much tax is owed, calculated as gross income minus deductions and exemptions.

Energy-Efficient Furnace

A heating system designed to use less energy for the same level of heating comfort compared to less efficient models.