Actions That Effective Strategic Leaders Can Take to Develop an Ethical

question 28

Multiple Choice

Actions that effective strategic leaders can take to develop an ethical organizational culture include all of the following EXCEPT:

• A) relying on the fundamental goodness of individuals.
• B) using reward systems that recognize acts of courage.
• C) communicating goals that describe the firm's ethical standards.
• D) creating a work environment where individuals are treated with dignity.

Understand the importance of scientific methods in studying personality from a positive psychology perspective.

Understand the concept of utility maximization and how it influences consumer choices.

Comprehend the principle of diminishing marginal utility and its effect on demand.

Calculate the optimum combination of goods to maximize utility with a given budget.

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Definitions:

Different Business Areas

Various sectors or segments within the broader business landscape, each with its own specific focus and expertise.

Related Diversification

A strategy where a company expands its operations into areas that are similar to its current lines of business to exploit shared operations or knowledge.

Acquiring New Businesses

The process by which a company purchases other companies to expand its operations, increase its market share, or gain access to new markets or products.

Vertical Integration

A strategy where a company expands its business operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.