Exhibit 31
Use the Information Below for the Following Problem(S)

question 70

Multiple Choice

Exhibit 3.1
Use the Information Below for the Following Problem(S)
$\begin{array}{lc}\text { Security } & \text { Annual Percentage Return } \\\hline \text { U.S. government T-bills } & 3.04 \\\text { Long-term government bonds } & 5.75 \\\text { Long-term corporate bonds } & 6.80 \\\text { Large capitalization common stocks } & 13.50 \\\text { Small canitalization common stocks } & 15.60\end{array}$

The annual rate of inflation is 2%.
-Refer to Exhibit 3.1.What is the real return on small capitalization stocks?

• A) 1.02%
• B) 3.68%
• C) 4.71%
• D) 11.27%
• E) 13.33%

Identify the elements that might be included in a company's code of conduct.

Understand the purpose and components of social audits.

Recognize various approaches companies adopt to promote ethical behavior and social responsibility.

Understand the concept and motivations behind whistle-blowing in the corporate context.

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Definitions:

Annuities

Financial products that provide a stream of payments over a defined period of time, typically used for retirement savings.

Future Values

The worth of a property or money at a future specified date that equals a certain amount at present.

Annuities

Investment instruments offering periodic disbursements, frequently employed for accumulating retirement funds.

Future Values

The value of an asset or cash at a specific date in the future that is equivalent in value to a specified sum today.