Ethics Is the Study of What Is Right and Wrong

question 27

True/False

Ethics is the study of what is right and wrong, but only right and wrong from an individual's subjective moral viewpoint.

---

Definitions:

Taxes

Compulsory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

Company Equity

The value of a company distributed among its owners or shareholders, representing their ownership interest in the company.

Securities Laws

Legal frameworks and regulations that govern the issuance, trading, and sale of securities to protect investors, ensure fair markets, and prevent financial fraud.

Taxable Item

A taxable item is any product or service subject to tax by governing authorities when sold or purchased.