Which of the Following Is an Ethical and Legal Concern

question 39

Multiple Choice

Which of the following is an ethical and legal concern associated with personal selling?

• A)Misrepresenting product health
• B)Encouraging materialism and excessive consumption
• C)Reinforcing unfavorable ethnic or racial stereotypes
• D)Using unauthorized mailing lists to reach consumers

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Definitions:

Collectibles Tax Rate

The tax rate applied to gains from the sale of collectibles, such as art, stamps, coins, and antiques, which is often different from the rate on other capital gains.

Section 1245 Gain

Income derived from the sale or disposal of depreciable personal property, which may be recaptured as ordinary income.

Ordinary Income

Income earned from providing services, including wages, salaries, commissions, and income from businesses in which there is material participation.

Depreciation

A tax deduction reflecting the decrease in value of an asset over time due to wear and tear.