________ Are Moral Principles and Values That Govern the Behavior

question 51

Multiple Choice

________ are moral principles and values that govern the behavior of people, firms, and governments, regarding right and wrong.

• A) Attitudes
• B) Ethics
• C) Laws
• D) Biases

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Definitions:

Indirect Damage

Harm that does not directly result from an action but occurs as a secondary effect, often less tangible and harder to quantify.

Insurable Interest

A legitimate interest by the policyholder in the insured subject matter, where they stand to suffer financial loss if the insured event occurs.

Property Insurance

Insurance policies that provide financial reimbursement to the owner or renter of a structure and its contents in case of damage or theft.

Fee Simple Absolute

A type of freehold ownership where the owner has the greatest possible aggregation of rights, powers, and privileges under the law.