A Code of Business Ethics Is

question 65

Multiple Choice

A code of business ethics is

• A) sorely needed in light of a new wave of ethical issues including product safety, employee health, and sexual harassment.
• B) concerned with what responsibilities the firm has to employees, consumers, environmentalists, minorities, communities, and other groups.
• C) a report that reveals how the firm's operations impact the natural environment.
• D) a set of strict regulations requiring firms to conserve energy.
• E) a series of voluntary standards in the environmental field.

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Definitions:

Software Power

The capability and effectiveness of software in performing its intended functions and tasks efficiently.

Reduction in Force

A corporate strategy involving the reduction of a company's workforce to improve financial performance or adapt to changing market conditions.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise that another party has reasonably and substantially relied on, even if no formal contract exists.

Past Consideration

A promise to give another something of value in return for goods or services rendered and delivered in the past.