Many Codes of Ethics Attempt to Alter or Reinforce Standards

question 6

Multiple Choice

Many codes of ethics attempt to alter or reinforce standards of behavior.An economist wouldn't argue with the codes but would probably note that:

• A)the codes need to be universally accepted in order to be effective.
• B)codes will never help under any circumstance.
• C)designing an organizational architecture with proper incentives is more important.
• D)the laws of supply and demand usually require that codes of ethical behavior are tertiary artifacts.

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Definitions:

Pension Plan

A retirement plan offered by an employer which provides a fixed payout upon retirement, often based on salary and years of service.

401(k) Plan

A retirement savings plan sponsored by an employer allowing employees to save and invest a portion of their paycheck before taxes are taken out.

Maximum Contribution

The highest amount that can be contributed to a financial account or plan, such as a retirement account, in a given period, often with tax implications.

Roth IRA

is an individual retirement account allowing withdrawals on a tax-free basis, provided certain conditions are met, financed by after-tax dollars.