Which of the Following Is a Basic Definition of Ethics

question 25

Multiple Choice

Which of the following is a basic definition of ethics?

• A)moral guidelines for behaviour
• B)rules for acknowledging the spirit of the law
• C)principles, values and beliefs that define what is right and wrong behaviour
• D)principles for legal and moral development
• E)There is no way to define ethics.

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Definitions:

Interest

The cost of borrowing money, usually expressed as a percentage of the amount borrowed.

Tax Rate

The specific ratio of income that must be given to the government as tax by both people and companies.

Budgeting Process

A systematic approach where businesses estimate their future income, expenditures, and capital needs to achieve their financial goals.

Selling Price

The amount of money for which a product is sold to the customer, not necessarily reflecting its cost or intrinsic value.