All but Which of the Following Is a Purpose of Ethical

question 5

Multiple Choice

All but which of the following is a purpose of ethical codes?

• A) To protect consumers and further the professional standing of organizations
• B) As a statement of the maturity and professional identity of the profession
• C) To guide professionals toward certain types of behaviors that reflect the underlying values considered important to the professional group
• D) To provide a professional framework in the sometimes difficult ethical and professional decision-making process
• E) As one measure of defense if the professional is sued for malpractice by offering a legal document one can take to court

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Definitions:

Required Rate of Return

The minimum expected return needed from an investment to make it worthwhile.

Dividend Growth Rate

The annual pace at which a company boosts its dividend payouts to shareholders.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Required Return

The minimum expected return by investors for investing in a particular asset, considering the risk involved.