Last National Bank is offering you a loan at 12%; payments on the loan are to be made annually. Credit Union is offering you a loan where payments are to be made semi-annually; the rate on the loan is also 12%. Local Bank down the street is also offering a loan at 12% where the payments are made quarterly. Which loan has the lowest effective annual rate? Credit Union's loan Last National Bank's loan All of the loans will have the same effective annual rate. Local Bank's loạn

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Corporate Ethics

Ethics refers to the moral values and principles that guide an individual. Corporate ethics refers to the moral behavior of a company and its employees while conducting business. Business ethics is another name for corporate ethics. Business ethics reflects the purpose of doing the business. Business ethics is the distinction between what is right and wrong in the workplace and the selection of the right set of actions. Every corporate entity follows business ethics to a large extent in order to survive and compete successfully in the market. Corporate entities that strictly adhere to business ethics gain the trust of their stakeholders and thus gain more customers. An organization follows compliance, i.e., following certain business policies, rules, procedures, and practices to deal with the problem arising from the business environment. Business ethics also ensures that they meet compliance requirements as it was connected with the activities of an organization.