Which of the following statements is true regarding the relationship of law and ethics?
A) In some cases ethics will require a higher standard of conduct than the law, but never vice
versa.
B) The legal requirement will almost always be the same as the ethical requirement because
the law is based on the ethical standards.
C) In some cases the law will require a higher standard of conduct than ethics, but never vice
versa.
D) Depending on the circumstances, the law can require a higher, lower, or the same
standard of conduct as ethics demands.
D
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Ownership of a life insurance policy may be temporarily transferred with a(n)
A) collateral assignment B) absolute assignment C) transferable assignment D) beneficiary assignment
The risk-adjusted discount rate approach to evaluating projects with unequal lives converts the net present value of unequal-lived, mutually exclusive projects into an equivalent annual amount
Indicate whether the statement is true or false