In Drawing Up a Code of Ethics,a Small Business Owner

question 73

Multiple Choice

In drawing up a code of ethics,a small business owner should adopt a code

• A)provided by the Ethics Resource Center of Washington,D.C.
• B)that outlines ethical principles and gives examples.
• C)that outlines ethical principles but avoids examples.
• D)suggested by the Better Business Bureau.

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Definitions:

Net Operating Income

The profit generated from a company's everyday business operations, indicating the efficiency of management.

Net Operating Income

Income generated from a company's everyday business operations, excluding taxes and interest expenses.

Common Fixed Cost

A fixed cost that supports more than one business segment, but is not traceable in whole or in part to any one of the business segments.

Corporate Advertising

Advertising aimed at establishing a favorable attitude toward a company as a whole, rather than promoting a specific product or service.