Core Values Refer to

question 267

Multiple Choice

Core values refer to

• A) the cultural ethos of an organization.
• B) proprietary values of a firm.
• C) written mission statements that express an organization's goals and objectives.
• D) the personal moral and ethical codes of a firm's stakeholders.
• E) the fundamental, passionate, and enduring principles that guide an organization's conduct over time.

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Definitions:

Avoid Obligations

Refers to actions or strategies individuals or entities use to legally evade fulfilling certain duties or responsibilities.

Liability Limitations

Provisions within a contract that seek to limit the amount of compensation one party can receive from another in the event of a breach or other liability.

Partnership Agreement

A contract between two or more business partners that outlines the responsibilities, profit and loss distribution, and rules and regulations of the partnership.

Limited Liability Partnership

A partnership structure where partners' personal liability for business debts is limited to the amount they invest in the business.