Establishing a Formal Code of Ethics Is

question 190

Multiple Choice

Establishing a formal code of ethics is

• A) more common with small businesses than large businesses.
• B) unnecessary given the level of government regulation.
• C) growing in popularity.
• D) mandated by the Corporate and Criminal Fraud Accountability Act.

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Definitions:

Corporate Income Taxes

Taxes imposed on the net income (profits) of corporations by the government.

Property Taxes

Government-imposed charges on property, calculated from the real estate's worth, intended to finance community facilities and public infrastructure.

Payroll Taxes

Payroll Taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

Local Finance

Financial activities, policies, and management practices that pertain to local government units, including budgeting, revenue collection, and expenditure.