Tara Is Invited by Renee to Invest in Renee's Business

question 55

Multiple Choice

Tara is invited by Renee to invest in Renee's business.Tara wants to know in detail how Renee plans to deal with particular problems that may arise in the course of running the business.Tara will want to look at Renee's:

• A)Strategic plan.
• B)Marketing plan.
• C)Risk management plan.
• D)Insurance plan.

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Definitions:

Utilitarianism

A philosophical theory that suggests actions are right if they are useful or for the benefit of a majority, focusing on the outcome or consequences of actions to determine their morality.

Ethical Standards

Guidelines or principles that govern the conduct of individuals and organizations in a way that is morally right and good, often based on societal norms and professional codes of conduct.

Strategic Planning

The process an organization uses to define its strategy, direction, and decision making on allocating its resources to pursue this strategy.

Code of Ethics

A set of guidelines designed to outline the principles and standards of behavior expected of individuals and organizations in a professional setting.