If You Believe Some Circumstances Call for Stretching the Truth

question 5

Multiple Choice

If you believe some circumstances call for stretching the truth or being deceptive because of the circumstances, you likely adhere to an) ________ ethical standard.

• A) moral
• B) absolute
• C) developmental
• D) relative

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Definitions:

Prepaid Freight

Costs paid by a shipper in advance for shipment of goods, indicating that the sender bears the freight charges.

Cash Discount

A reduction in the invoice price offered to buyers as an incentive for early payment.

Wholesalers

Companies that sell merchandise to other businesses rather than to the public.

Credit Terms

Terms for payment on account by the buyer to the seller.