According to Walmart's Code of Ethics,Edward,an Employee in the Sales

question 43

Multiple Choice

According to Walmart's code of ethics,Edward,an employee in the sales department,cannot accept gifts from suppliers because such actions would be a ________.

• A) conflict of interest
• B) double standard
• C) regulatory breach
• D) discriminatory act

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Definitions:

Friedman Rule

A monetary policy rule proposed by economist Milton Friedman, suggesting that the optimal nominal interest rate is zero to eliminate the opportunity cost of holding money.

Deflation

A decrease in the general price level of goods and services, often indicating an economic slowdown.

Inflation

The velocity at which the aggregate price level for goods and services elevates, thereby reducing purchasing capability.

Nominal Interest Rate

The interest rate before adjustments for inflation. It is the rate quoted on loans and deposits.