Which of the Following Statements Is True of Ethical Principles

question 80

Multiple Choice

Which of the following statements is true of ethical principles?

• A) Ethical principles can change over time.
• B) Ethics remain the same irrespective of the country or industry.
• C) Most people have common views on ethical and unethical practices.
• D) The personal code of ethics does not play a role in business decisions.
• E) Ethical principles are often easy to determine.

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Definitions:

Supervening Event

An unforeseen event that occurs after the parties have entered into a contract and significantly changes the circumstances.

Proprietary Information

Confidential business information that provides a company with a competitive edge, such as trade secrets, processes, or formulas.

Unilateral Nondisclosure Agreement

A legal contract in which only one party agrees not to disclose certain information to third parties.

Intellectual Property

Legal rights that result from intellectual creativity, such as inventions, literary works, designs, and symbols, recognized to belong to an individual or corporation.