Managers of Corporations Need to Act in an Ethical Manner

question 21

Multiple Choice

Managers of corporations need to act in an ethical manner

• A) because ethics violations will be punished by the law.
• B) because a business must be trusted by investors, customer and the public if it is to succeed.
• C) because business managers must answer to a higher authority.
• D) because ethical behavior is its own justification.

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Definitions:

Principal Plus Interest

It is the total amount due that includes the original amount borrowed (principal) in addition to the charged interest on that principal.

Cheque Accounting

The handling and record-keeping of cheques within the accounting practices of an individual or organization.

Interest Earning

Relates to the income generated from investing or depositing funds in interest-bearing financial instruments.

Bank Account

A financial account maintained by a bank for a customer, allowing the storage and management of money, along with various transactions like depositing and withdrawing.