The Authors Emphasize the Value of Ethics in All Phases

question 16

Essay

The authors emphasize the value of ethics in all phases of financial planning. What should a planner do if an effort to maintain the highest level of ethics adversely affects the business?

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Definitions:

Entrepreneurs

Individuals who take on the risk of starting and managing a business, often bringing innovation and new products or services to the market.

Economical

Pertains to the efficient use or management of resources to avoid waste and reduce expenses.

Alternative Energy

Sources of energy that are considered environmentally friendly and sustainable, alternative to conventional fossil fuels, such as solar, wind, and hydroelectric power.

Elasticity of Demand

Investigating the degree to which demand for a good is affected by its price dynamics.