________ Can Clarify for All Parties,internal and External,the Standards That

question 39

Multiple Choice

________ can clarify for all parties,internal and external,the standards that govern a firm's conduct and can thereby convey its commitment to responsible practice wherever it operates.

• A)A CSR policy manual
• B)An ethics code
• C)A mission statement
• D)A vision statement

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Definitions:

Apparent Authority

A situation where a reasonably prudent person would understand that an agent had the authority to act, even if the agent didn't have actual authority.

Purported Principal

An entity or individual represented as having granted authority to another, whether or not such authority actually exists.

Disclosed Principal

A principal whose identity is known by the third parties with whom the agent enters into contracts on behalf of the principal.

Mutually Agreed

A condition or circumstance where all parties involved have consented to the terms or decisions proposed, often used in contracts or negotiations.