Which of the Following Is a Rule of Ethical Behavior

question 46

Multiple Choice

Which of the following is a rule of ethical behavior in purchasing?

• A)Buyers must commit their attention and energies for the organization's benefit rather than personal enrichment at the expense of the organization.
• B)A buyer must act ethically toward suppliers or potential suppliers.
• C)Buyers must uphold the ethical standards set forth by both their organization and the purchasing profession.
• D)All of these answers.
• E)None of these answers.

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Definitions:

Present Promise

A vow or commitment to take action or uphold terms at the current time.

Moral Obligation

A duty or responsibility that is perceived as ethically required, even though it is not legally enforceable.

Requirements Contract

A contractual agreement in which one party agrees to supply as much of a product or service as the other party needs during a specified period.

Particular Commodity

Refers specifically to a unique or specified commodity traded on commodity markets, such as gold, oil, or wheat.