Situations That Have the Potential to Result in a Breach

question 50

Multiple Choice

Situations that have the potential to result in a breach of acceptable behavior are called:

• A) implied promises.
• B) conscience struggles.
• C) fiduciary duties of loyalty.
• D) ethical dilemmas.

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Definitions:

Conspicuous Consumption

The purchase and use of goods and services to publicly display wealth rather than to meet basic needs.

Thorstein Veblen

An American economist and sociologist best known for his theory of the leisure class and criticisms of capitalism.

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist who developed the theory of Marxism.

Paper Loss

indicates a loss that has occurred on paper due to a decrease in the market value of an investment, but has not yet been realized through a sale.