Ethics Refers to the Study of Moral Principles or Values

question 5

True/False

Ethics refers to the study of moral principles or values that determine whether actions are right or wrong and outcomes are good or bad.

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Definitions:

Discount

A reduction to the usual price of goods or services, or in finance, the difference between the face value of a bond and its selling price.

Forego Discount

Choosing not to take advantage of early payment discounts offered by suppliers or creditors.

Costly Trade Credit

Refers to the high cost associated with the short-term financing obtained by buyers from suppliers when they choose to delay payment.

Gross Purchases

The total amount of all purchases made by a business before deducting any discounts, returns, or allowances.