Which of the Following Statements Is True with Regard to Trust

question 101

Multiple Choice

Which of the following statements is true with regard to trust, justice, and ethics?

• A)Justice reflects the actual degree of fairness of an authority's decision making.
• B)Reputation of a company is independent of how trustworthy and ethical its practices are.
• C)Trust in authorities like the management in a firm depends on two factors: justice and ethics.
• D)Ethics reflects the degree to which the behaviors of an authority are in accordance with generally mandated legal requirements; morals and norms are not a part of ethics.
• E)Relationships based on trust are completely free from risks and uncertainties.

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Definitions:

Comparative Advantage

The economic principle that nations should produce and export goods in which they have the lowest relative cost of production.

Western European Countries

Nations located in the western part of Europe, often characterized by developed economies, democratic governance, and high living standards.

Foreign Oil

Oil that is sourced from countries other than one’s own, often importing to meet domestic demand.

Opportunity Cost

The cost of foregone alternatives; the loss of potential gain from other alternatives when one alternative is chosen.