What Are Business Ethics

question 14

Multiple Choice

What are business ethics?

• A)Principles of conduct, such as caring, being honest, pursuing excellence, and showing loyalty
• B)The moral principles and standards that guide behavior in the world of business
• C)The system of rules that governs the ordering of economic value
• D)A situation, problem, or opportunity in which a political leader must choose among several actions
• E)The principles, rules, and values that people use in deciding what is right or wrong for themselves

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Definitions:

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Depreciation

The systematic reduction in the recorded cost of a fixed asset over its useful life.

Quick Ratio

A financial metric that measures a company's ability to meet its short-term obligations with its most liquid assets; also known as the acid-test ratio.

Current Assets

Assets that are expected to be converted into cash or used up within one year or one business cycle, whichever is longer.