The Practices Associated with an Ethical Culture Have Become Institutionalized

question 90

Multiple Choice

The practices associated with an ethical culture have become institutionalized in the firm if they

• A) are integrated to form a written code of ethics.
• B) are mentioned in the firm's mission statement.
• C) are first embraced by the CEO of the company.
• D) become the set of actions accepted by most of the firm's employees and stakeholders.

Understand the concept and implications of unconscionability in contractual agreements.

Comprehend the principles governing the formation and breach of contracts, including the consequences of repudiation and tender.

Grasp the specifics of the United Nations Convention for the International Sale of Goods (CISG) on contract performance, breach, and remedies.

Understand the role and function of letters of credit in international trade transactions.

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Definitions:

Hershey and Chase

The Hershey-Chase experiment helped to prove that DNA is the molecule responsible for genetic information in organisms, using bacteriophages to demonstrate DNA’s role.

Mismatch Repair

A cellular mechanism that corrects DNA replication errors by removing and replacing incorrectly paired nucleotides.

Incorrectly-Paired Nucleotides

Mismatched pairs of nucleotides that occur during DNA replication or repair, potentially leading to mutations.

Telomeres

The protective caps at the end of chromosomes that prevent the genome from deteriorating or fusing with neighboring chromosomes.