Ethics Is

question 80

Multiple Choice

Ethics is

• A) not synonymous with law.
• B) impossible to codify into law.
• C) universal and cannot differ between cultures.
• D) the minimum acceptable standard in business practice.

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Definitions:

Sinking Fund

An arrangement to guarantee that funds are available to pay off a bond’s principal at maturity.

Payments

The transfer of money or goods in exchange for products, services, or to fulfill a legal obligation.

Principal

The amount of money originally invested or loaned, on which basis interest and returns are calculated.

Effective Annual Rate

The interest rate on an investment or loan that considers the effects of compounding over a one-year period.