Which of the Following Best Describes Ethics

question 2

Multiple Choice

Which of the following best describes Ethics?

• A) A form of the "golden rule."
• B) A branch of philosophy that uses reason to support positions.
• C) A body of beliefs about right and wrong handed down form one generation to the next.
• D) Behavior that is agreed upon to be moral by the majority.

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Definitions:

Accounts Receivable

Receivables from clients to a corporation for goods delivered or services rendered, pending payment.

Cash

A company's most liquid asset, consisting of currency held and deposits in bank accounts, used for transactions or as reserve for future payments.

Liabilities

Economic responsibilities or liabilities a corporation has towards others, necessitating settlement over time by transferring assets such as cash, products, or services.

Return on Assets

A financial ratio that measures the efficiency of a company's use of its assets in generating profit.