Which Step Is the Most Critical to Help Improve Business

question 1

Multiple Choice

Which step is the most critical to help improve business ethics?

• A)Top management must adopt and support a corporate code of conduct.
• B)The ethics code must be enforced.
• C)An ethics office must be set up.
• D)Outsiders must be told about the ethics program.

---

Definitions:

Monopolist

A monopolist is a market participant that has exclusive control over the market for a particular good or service, without any competition.

Vigorously On Price

An expression that may not accurately define a specific economic term but suggests active competition or negotiation around prices. NO.

Bargaining Power

The relative capacity of parties in a negotiation to exert influence over each other, often influencing the terms and conditions of agreements.

Dominant Firms

Companies that have a major share of the market sales or exert significant influence in their industry.