Rules of Conduct That Guide Actions in the Marketplace Are

question 71

Multiple Choice

Rules of conduct that guide actions in the marketplace are called ________.

• A) social obligation
• B) social responsibility
• C) business ethics
• D) social awareness

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Definitions:

Quantitative Decision Rule

An analytical procedure or guideline used to make decisions based on numerical data and mathematical calculations.

Capital Expenditure

A financial outlay made by a company to acquire, maintain, or improve physical assets such as property, plants, and equipment.

Cash Budgeting

The process of estimating future cash inflows and outflows to determine a company's short-term financial health and liquidity.

Payback Period

The length of time required to recover the initial outlay on an investment based on its expected cash flows.