Formal Standards and Rules, Based on Beliefs About Right or Wrong

question 34

Multiple Choice

Formal standards and rules, based on beliefs about right or wrong, that managers can use to help themselves make appropriate decisions with regard to the interests of their stakeholders are

• A)honor codes.
• B)codes of ethics.
• C)moral codes.
• D)existentialist guidelines.

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Definitions:

Electricity

A form of energy resulting from the existence of charged particles such as electrons or protons, often used for power.

Statue Of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.

Specially Manufactured

Pertains to goods that are custom-made or tailored to the specific requirements of a buyer.

Course Of Dealing

A sequence of previous conduct between parties that establishes a common basis of understanding for interpreting their expressions and agreements.