Which Statement Is False

question 54

Multiple Choice

Which statement is false?

• A) Fewer and fewer companies are adopting codes of ethics.
• B) More and more companies are adopting codes of ethics.
• C) Some ethical responses can be learned through experience.
• D) Social responsibility involves providing quality products and pricing products fairly.

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Definitions:

Total Taxes

The combined amount of all taxes levied by a government on individuals, corporations, and other entities.

Tax Rate Structure

The organization of tax rates into different brackets or categories, which determines the amount of tax levied on income, property, sales, etc.

Progressive Tax

A tax system in which the tax rate increases as the taxable amount increases, placing a higher burden on wealthier individuals.

Tax Incidence

The ultimate distribution of a tax burden.