Which of the Following Is an Example of How Ethics

question 34

Multiple Choice

Which of the following is an example of how ethics shapes business laws?

• A)Business law requires companies to put profits above all else,because protecting the rights of shareholders is the ethically proper course of action.
• B)Bribery is legal for U.S.companies doing business in foreign countries because respecting foreign cultures is part of our community ethics.
• C)Contract laws require parties to obey even unenforceable agreements because of our ethical belief that every promise must be kept at all times.
• D)Contract laws require parties to live up to promises because keeping promises is part of our ethical inclination to encourage trust.
• E)Bribery is legal for U.S.companies doing business in foreign countries because foreign businesses can pay bribes and our ethical inclination is to level the playing field for American businesses.

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Definitions:

Technological

Relating to or involving technology, especially in the context of new developments.

Adjusted Gross Income

An individual's total gross income minus specific deductions, used in the United States tax system to determine how much income is taxable.

Wage Earners

Individuals who receive compensation for their labor or services in the form of wages or salary.

Gross Domestic Product

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.