An Effective Code of Ethics Must ______

question 3

Multiple Choice

An effective code of ethics must ______.

• A) protect the larger community
• B) be written for ordinary circumstances
• C) prioritize obligations
• D) all of these

Distinguish between different economic systems (market system, command system) and their characteristics.

Understand the mechanisms of innovation and its challenges within different economic structures.

Describe the role of government in a laissez-faire capitalist system.

Identify how the market system restricts business risk to owners and investors leading to specific economic outcomes.

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Definitions:

Identity

According to Erikson, a coherent conception of the self, made up of goals, values, and beliefs to which a person is solidly committed.

Cohabitating

Living together in a romantic relationship without being legally married.

Depressed

Experiencing a persistent mood of sadness, feeling of hopelessness, or lack of interest in activities, often a symptom of depression.

Elderly Years

The period of life characterized by ages 65 and above, often associated with retirement and increased health care needs.