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.

---

Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price point.

Quantity Supplied

The amount of a commodity that producers are willing and able to offer for sale at a specific price over a defined period of time.

Binding Price Ceiling

A legal maximum price for a good or service that is set below the equilibrium price, resulting in shortages.

Equilibrium Price

The market price at which the quantity of a good demanded equals the quantity supplied, leading to market stability.