Which of the following is a difference between principle-based statements and policy-based statements? a. Unlike principle-based statements, policy-based statements contain general language about company responsibilities, quality of products, and treatment of employees. b. Unlike principle-based statements, policy-based statements define the fundamental values of a company. c. Unlike principle-based statements, policy-based statements are a type of codes of ethics. d. Unlike principle-based statements, policy-based statements generally outline the procedures to be used in specific ethical situations.

Ronald sees that his employer's stock has grown from $20 a share to $60 a share this year, while most stocks have seen only 5% growth. his employer offers to let him convert a large portion of his salary into stock options. what is not a valid reason to turn down the stock offer? a)stocks with high returns have high volatility, and ronald's company may not grow further. b)ronald may be taxed more for capital gains than he would be for employment income. c)stock options are illiquid, and ronald may not be able to use them to pay for unexpected bills. d)ronald would be committing stock fraud if he exercises the options.