The First Step in Making a Good and Ethical Business

question 109

Multiple Choice

The first step in making a good and ethical business decision is which of the following?

• A) Learn to recognize unethical business activities when they occur.
• B) Develop a business code of ethics.
• C) Hire an ethics consultant.
• D) Develop a personal code of ethics.

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Definitions:

Rate Of Inflation

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Supply And Demand

The relationship between the quantity of a commodity available and the desire for that commodity, determining its market price.

Interest Rate

The proportion of a total amount of money that is levied for borrowing it, commonly stated as a yearly percentage rate.

Loanable Funds

The money available for borrowing, which comes from savings and is demanded by borrowers for investment.