Explain How Business Ethics Differs from Social Responsibility

question 138

Essay

Explain how business ethics differs from social responsibility.

Comprehend the operational mechanics of open market operations and their direct impact on the economy.

Understand the concepts of actual reserves, required reserves, and excess reserves in the banking system.

Identify and describe the tools of monetary policy used by the Federal Reserve, including open market operations, discount rate, and reserve requirements.

Explain the role and functions of the Federal Reserve System and its structure, including the Federal Reserve District Banks.

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Definitions:

Equity Interest

An ownership interest in a company, represented by stock or shares, entitling the holder to a claim on assets and profits.

Cash Dividend

A payment made by a company out of its profits to its shareholders in the form of cash.

Net Income

The final profit amount for a company after subtracting all operational costs and taxes from revenue.

Equity Securities

Financial instruments representing ownership in a corporation, such as stocks, which provide a claim on part of the company's assets and earnings.