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As a Senior Student Representative on the Ethics Advisory Board

question 76

Multiple Choice

As a senior student representative on the ethics advisory board of your university,you feel strongly that cheating on college exams is unethical.You never cheated on any exam.However,this semester your best friend was desperate for your help,and you allowed him to take a quick "peek" at your answer sheet.Since then,you feel uncomfortable every time you think of the situation.Which of the following concepts best explains your psychological discomfort?


Definitions:

Bond Indenture

A legal document specifying the terms and conditions of a bond issue, including the interest rate, maturity date, and other obligations of the issuer.

Bondholders

Individuals or institutions that hold the debt securities issued by corporations or governmental entities.

Discount on Bonds Payable

The difference between the par value of a bond and its lower selling price, recognized as an expense over the life of the bond.

Contract Rate

The agreed-upon interest rate specified in a loan or bond contract.

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