Many Businesses Have Developed Internal Procedures to Enforce Their Ethical

question 4

Multiple Choice

Many businesses have developed internal procedures to enforce their ethical policies.Which of the following is an example of an outside group urging ethical behaviour in businesses?

• A)foreign trade representatives
• B)suppliers
• C)management teams
• D)union officials

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Definitions:

Monopolistic Competition

A market structure characterized by many firms offering products that are similar but not perfect substitutes, allowing for some degree of market power.

Pure Competition

A market structure characterized by a large number of small firms, homogenous products, and easy entry and exit, leading to price taking behavior by all firms.

Oligopoly

A market structure dominated by a small number of large firms, offering similar or identical products, with significant barriers to entry for new competitors.

Internet Of Things

A network of physical objects embedded with sensors, software, or other technologies to connect and exchange data with other devices and systems over the internet.