Which of the following is true of ethics?
A. Ethics and laws are the same.
B. Laws and ethics clearly require or prohibit an action.
C. Ethics are more subjective than laws.
D. Laws are more a matter of personal or cultural interpretation, unlike ethics.
C. Ethics are more subjective than laws.
Your ethics have consequences for you just as laws do. But ethics are different from laws. Laws either clearly require or prohibit an action. Ethics are more subjective, more a matter of personal or cultural interpretation.
You might also like to view...
A strategic plan identifies strategies for future activities and operations, generally covering at least five years
Indicate whether the statement is true or false
Which of the following would not cause the break-even point to change?
A. Sales volume increases. B. Fixed cost increases. C. Variable costs per unit decreases. D. Sales price increases.
As the winner of a contest, you are now CFO for the day for Maguire Inc. and your day's job involves raising capital for expansion. Maguire's common stock currently sells for $45.00 per share, the company expects to earn $2.75 per share during the current year, its expected payout ratio is 70%, and its expected constant growth rate is 6.00%. New stock can be sold to the public at the current price, but a flotation cost of 8% would be incurred. By how much would the cost of new stock exceed the cost of common from reinvested earnings?
A. 0.09% B. 0.19% C. 0.37% D. 0.56% E. 0.84%
Bloom and Co. has no debt or preferred stock?it uses only equity capital, and has two equally-sized divisions. Division X's cost of capital is 10.0%, Division Y's cost is 14.0%, and the corporate (composite) WACC is 12.0%. All of Division X's projects are equally risky, as are all of Division Y's projects. However, the projects of Division X are less risky than those of Division Y. Which of the following projects should the firm accept?
A. A Division Y project with a 12% return. B. A Division X project with an 11% return. C. A Division X project with a 9% return. D. A Division Y project with an 11% return. E. A Division Y project with a 13% return.