Code of Ethics

question 24

Multiple Choice

Code of ethics:

• A)should not include guidelines for day-to-day activities.
• B)should exclusively include laws and regulations set by government agencies.
• C)should not be too detailed.
• D)should not be designed to guide decision making.

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Definitions:

Consumer Credit

A type of personal loan that allows individuals to purchase goods or services with the promise to pay for them later.

Net Present Value

The discrepancy between cash inflows' present value and cash outflows' present value over a time frame, employed in capital budgeting for evaluating an investment's profitability.

Economic Order Quantity

A formula used to determine the most cost-effective amount of inventory to order, balancing ordering costs with holding costs.

Accounts Receivable

Represents the money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.