What Is the Role of Business Ethics

question 29

Multiple Choice

What is the role of business ethics?

• A) to provide a comprehensive plan for dealing with legal risk
• B) to establish principles and values for determining right and wrong in the business world
• C) to resolve disputes between conflicting parties
• D) to impose legal responsibility for an event or loss that has occurred

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Definitions:

Corporation

A legal entity that is separate from its owners, who are shareholders, and has its own rights, privileges, and liabilities distinct from those of its members.

Public Offerings

The process of selling shares of a private corporation to the public in a new stock issuance, allowing the company to raise capital from public investors.

Bylaws

Written rules and regulations that govern the internal affairs and operations of an organization or corporation.

Transfer of Shares

The process by which ownership of a company's stock is moved from one party to another.