Which of the Following Statements Correctly Describes Ethical and Unethical

question 75

Multiple Choice

Which of the following statements correctly describes ethical and unethical behavior?

• A) Ethical behavior is good, right, just, and honorable.
• B) Unethical behavior is wrong, unjust, and dishonorable.
• C) One uses principles, rules, or guides from a specific ethics theory to judge right and wrong.
• D) Each answer correctly describes ethical and unethical behavior.

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Definitions:

Initial Cost

The upfront expense incurred to purchase an asset or to initiate a project.

Net Present Value

A calculation that compares the value of a dollar today to the value of that same dollar in the future, taking inflation and returns into account.

Required Rate

The minimum return an investor expects to achieve when investing in a particular asset or project.

Payback Period

The duration of time it takes for an investment to generate enough revenue to recover the initial cost of the investment.