Ethical Decisions Need to Be Made Whenever a Business Practice

question 78

Multiple Choice

Ethical decisions need to be made whenever a business practice or product is legal or socially acceptable in one country, but not another. One example is ____.

• A) copyright law
• B) religion
• C) vaporware
• D) corporate missions

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Definitions:

Desired Rate

Typically refers to the target interest rate set by individuals or businesses for financial returns or lending activities.

Average Rate of Return

An investment's return, expressed as a percentage, which is calculated by dividing the average annual profit by the initial investment cost.

Cash Payback Method

An analysis technique to determine the time needed to recoup the initial investment in a project, based on cash flows.

Advantage

A favorable or beneficial condition, circumstance, or position that contributes to success.