A Code of Ethics Becomes Increasingly Appropriate and Necessary as a Small

question 53

Multiple Choice

A code of ethics becomes increasingly appropriate and necessary as a small business

• A)expands its credit sales and acquires more customers who buy on credit.
• B)begins to market products in other countries.
• C)grows larger,with a consequent lessening of the owner's personal influence.
• D)increases borrowing to the extent that one-third of its assets are financed by borrowing.

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Definitions:

Individual

A single human being apart from a society or community, often considered as an independent entity in economic theories.

Unskilled Labor

Labor that requires no specialized skills, education, or training, and typically involves simple tasks that can be easily learned on the job.

Market Wage

The prevailing rate of pay for labor in a particular industry or occupation, determined by the supply and demand for labor in that market.

Government Intervention

Actions taken by a government to influence its economy, which can include regulations, subsidies, and tariffs.