A ________ Should Be a Formal Statement of a Business's

question 15

Multiple Choice

A ________ should be a formal statement of a business's values concerning ethics and social issues.

• A) Code of behaviour
• B) Code of ethics
• C) Mission statement
• D) Vision statement

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Definitions:

Securities and Exchange Commission

The U.S. federal agency responsible for regulating the securities industry and ensuring public companies adhere to disclosure laws.

Proprietorship

A business that is owned and run by one individual, where there is no legal distinction between the owner and the business entity.

Legal Entity

An organization that possesses legal rights and responsibilities, including the ability to enter contracts, sue, and be sued; can be a company, non-profit, or government organization.

Governmental Agency

An organization established by a government to administer specific legislation and carry out public policies.