Ethical Systems Are

question 91

Multiple Choice

Ethical systems are

• A) a set of moral principles, or values, that are used to guide and shape behavior.
• B) shared beliefs and rituals that are concerned with the realm of the sacred.
• C) routine conventions of everyday life.
• D) social rules that govern people's actions toward each other.

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Definitions:

Present Value

The contemporary value of a forthcoming amount of money or cash flow stream, determined by a certain rate of return.

Discount Rate

The rate at which regional Federal Reserve Banks lend to commercial banks and other financial institutions, charged for loans obtained from the Federal Reserve's lending facility.

Present Values

The current worth of a future sum of money or stream of cash flows given a specified rate of return, taking into account the time value of money.

Future Value

The worth of a short-term asset at a certain future date, estimated based on a predicted rate of increase.