Individuals May Be Ethical Because Of

question 17

Multiple Choice

Individuals may be ethical because of:

• A)Religious concerns
• B)Emotional attachment to other people
• C)Enlightened self-interest
• D)None of the above
• E)All of the above

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Definitions:

Wages & Salaries

Payments made to employees for their labor or services, typically on an hourly or annual basis.

Interest Rates

The cost of borrowing money or the compensation for the service and risk of lending money, typically expressed as a percentage of the principal.

Present Consumption

The use of goods and services for satisfaction or needs in the current period, as opposed to saving for future consumption.

Insurable Risk

An eventuality for which both the frequency and magnitude of potential losses can be estimated with considerable accuracy. Insurance companies are willing to sell insurance against such risks.