You are offered two loan options which you must choose between. Federal Bank offers to charge you 8% compounded annually. State Bank offers to charge you 7.8% compounded monthly. Which of the following is true? You should choose Federal Bank because it has an effective annual rate of 8%. You should choose State Bank because the interest rate is compounded more often. You should choose Federal Bank because the nominal rate is higher. You should choose State Bank because the nominal rate is lower. You should choose State Bank with an effective annual rate of 8.08%.

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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.