Which of the Following Statements Best Describes the Difference Between

question 66

Multiple Choice

Which of the following statements best describes the difference between law and ethics?

• A) Ethics tells us what we must do; law tells us what we should do.
• B) Law tells us what we must do; ethics tells us what we should do.
• C) Law and ethics are interchangeable.
• D) If people act unethically, they have broken the law.
• E) People need not worry about acting legally, as long as they act ethically.

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Definitions:

Option to Expand

The right, but not the obligation, to increase the size of an investment or project.

Net Present Value

A financial metric that calculates the present value of the net cash flow generated by a project, adjusting for the time value of money.

Project Analysis

The process of evaluating the viability, profitability, and risk of a project before committing resources to it.

Operating Cash Flow

A measure of the cash generated or used by a company in its business operations, reflecting the entity's financial health.