The Magnitude of the Current Ethics Problem Is Seen to Be

question 77

Multiple Choice

The magnitude of the current ethics problem is seen to be caused by

• A) rising social expectations.
• B) small increases, declines, and stability in actual business ethics.
• C) both rising social expectations and small increases, declines, and stability in actual business ethics.
• D) Ethics is not currently a problem.

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Definitions:

Horizontal Equity

A principle in taxation that asserts that individuals with the same income or resources should pay the same amount in taxes.

Vertical Equity

A principle in tax policy that states taxpayers with a greater ability to pay should contribute more in taxes.

Small Economy

Refers to an economy with a relatively limited size in terms of population, output, and market activity, often more susceptible to external economic influences.

Horizontal Equity

A principle in taxation and welfare distribution that posits individuals with similar income or ability to pay should be treated equally.