A Code of Ethics Refers to

question 142

Multiple Choice

A code of ethics refers to

• A)a formal statement of moral and ethical business attitudes.
• B)a formal statement of ethical principles and rules of conduct.
• C)an informal guide of ethical principles and moral conduct.
• D)the written document stating the beliefs and values of each employee in a firm.
• E)a firm's itemized list of business activities that are and are not consistent with the company's mission statement.

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Definitions:

Last Payment

The final installment of a payment plan, completing the obligation to pay off a debt, loan, or financial agreement.

Monthly Billing

A billing system where charges for services or goods are invoiced or billed on a monthly basis.

Statute of Limitations

A law that sets the maximum period one can wait before filing a lawsuit, depending on the type of case or claim.

Collection Suit

A legal action taken by creditors to collect unpaid debts from a debtor through the court system.