Because Recessions and Recoveries Follow Certain Patterns, Firms Can Study

question 19

True/False

Because recessions and recoveries follow certain patterns, firms can study the economic environment to predict economic trends.This was particularly valuable in dealing with the recovery after the global recession of 2008-2009.

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Definitions:

Corporate Cultures

The collective ethos and environment that influence how employees behave and interact within an organization.

Corporate Codes

Formal statements of values, ethical principles, and guidelines for conduct expected from employees and the organization as a whole.

Codes of Conduct

Written guidelines designed to set out acceptable behaviors for members of a particular group, organization, or profession.

Ethical Behavior

Conduct that is in accordance with accepted principles of right and wrong governing the conduct of a profession.