You Are Offered the Following Terms: 5/25 Net 50

question 33

Multiple Choice

You are offered the following terms: 5/25 net 50.What is the effective annual interest rate for not paying on time, approximately?

• A)111.5%
• B)103.9%
• C)76.8%
• D)45.4%

Recognize the importance of transparency and the role of organizations like Transparency International in promoting ethical business practices.

Understand different personal moral philosophies, such as utilitarianism and moral idealism, and their impact on ethical decision-making.

Understand the concept of bribery, corruption, and their common forms within the business context.

Recognize the role and significance of whistle-blowers in maintaining organizational ethics and integrity.

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Definitions:

Personality

A stable and unique pattern of traits, characteristics, and resulting behaviors that gives an individual his or her identity.

Political Skill

The ability to effectively understand others at work and use such knowledge to influence others to act in ways that enhance one’s personal or organizational objectives.

Personal Power

Personal power is the capacity of an individual to influence others based on personal attributes and qualities rather than formal authority, such as charisma, expertise, or relational connections.

Stress

A psychological and physical reaction to demands, pressures, or threats, which can affect one's mental and physical health.