Of the Following Statements,which Is NOT True About Ethics and Integrity

question 10

Multiple Choice

Of the following statements,which is NOT true about ethics and integrity?

• A) A person of integrity has knowledge about what morally constitutes the right things to do.
• B) A person of integrity has the courage to do what is right.
• C) Ethical situations are always black and white.
• D) There are four basic steps in ethical decision making.
• E) An ethical dilemma occurs when one must make a choice among alternative actions and the right choice is not absolutely clear.

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Definitions:

Risk Aversion

A preference for certainty over uncertainty, with individuals choosing investments that offer a lower potential return with known risks over riskier ones.

Expected Loss

The calculated financial loss anticipated from an investment or action, considering the probability and magnitude of losses.

Expected Return

The weighted average of all possible returns for a financial investment, with each return's weight being its probability of occurrence.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the mean.