Janet Reasons, "It Is Wrong to Lie

question 27

Multiple Choice

Janet reasons, "It is wrong to lie. However, it is okay to overstate my expense account on my recent business trip because I need the money, and my company has not given me a raise in the past year." In this scenario, Janet is an employee who views ethics as _____.

• A) universal
• B) relative
• C) moral absolutism
• D) a double-barreled argument

---

Definitions:

Dollar-Denominated Assets

Financial assets such as stocks, bonds, or real estate investments that are valued in U.S. dollars.

Real Value

Real value refers to the worth of a good or service taking into account inflation, providing a more accurate measure over time.

Nominal Income

The amount of money earned in current dollars, without adjustment for inflation or purchasing power.

Aggregate Demand Curve

A curve that shows the total spending on goods and services at each price level within an economy.