Rather Than Publish a Code of Ethics,management Must in This

question 143

True/False

Rather than publish a code of ethics,management must in this case train employees to pay more serious attention to the company code of conduct.

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Definitions:

Negative Externalities

These are costs that are suffered by a third party as a result of an economic transaction, which are not reflected in the market price.

Positive Externalities

Benefits that are enjoyed by a third-party or the society at large as a result of an economic transaction.

Optimal Output

The level of production at which a firm or economy can produce goods at the lowest average cost, maximizing efficiency.

Government

The system or group of people governing an organized community, often a state, and the mechanisms and institutions through which they rule.