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:

Buyers

Individuals or entities that acquire goods or services in exchange for money.

Social Security Tax

A tax collected by the government to fund the Social Security program, typically levied on both employers and employees to provide retirement, disability, and survivorship benefits.

Federal Income Tax

An annual financial burden put on individuals, corporations, trusts, and various legal bodies by the United States federal government.

Labor Taxes

Taxes imposed on the wages and salaries of employees.