The answer is a loan agreement because you agreed to by the car
Buying on margin is basically borrowing money from your broker that you don't necessarily have at the time to buy additional shares. You must have a margin account, which is separate from your cash account. Usually you are able to borrow up to 50% of the new stock price.
The correct answer would be, Ethical.
Joseph has taken a sick day, although he is not actually sick. This is an example of a decision that is legal but not Ethical.
Explanation:
Ethics are basically the moral principles that shape a person's behavior. This is something which tells us that how a person morally behaves in a situation.
In businesses, there are some code of conducts that are the rules and regulations, prescribed by the companies.
When a person violates a moral principle, it is called as the Ethical Violation. There is usually no legal action against the ethical violations, but it is not always the case. People may be charged for violating the code of conduct in organizations.
Decisions like taking a day off due to sickness when you are not actually sick is an example of decision which is legally right but ethically, it is totally wrong.
Learn more about Ethical Violations at:
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Answer:
Every choice involves an opportunity cost
Explanation:resources are not unlimited