The Following Is a Series of Questions Pertaining to the NSPE

question 1

True/False

The following is a series of questions pertaining to the NSPE Code of Ethics.Please indicate whether the statements are true or false.These questions are provided by the NSPE.
Note: This ethics test is intended solely to test indi?vidual knowledge of the specific language contained in the NSPE Code of Ethics and is not intended to measure individual knowledge of engineering ethics or the ethics of individual engineers or engineering students.
-Engineers may perform services outside of their areas of competence as long as they inform their employer or client of this fact.

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Definitions:

Account

A record or statement of financial expenditure and receipts relating to a specific period or purpose.

Effective Rate

The actual interest rate an investor receives or pays after the effects of compounding interest and all charges are considered.

End-Of-Month Payments

Payments that are due at the end of each month, commonly found in loan and lease agreements.

Finance Company

A business that provides loans to individuals or other businesses and generates profit from the interest on these loans.