A Formal Statement of the Organization's Values Regarding Moral Principles

question 2

True/False

A formal statement of the organization's values regarding moral principles and governing its response to social values is called a code of ethics.

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Definitions:

Corporation

A legal entity that is separate from its owners, providing them with limited liability, and has the ability to own assets, incur liabilities, and sell shares.

Interest Rate

The percentage charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.

Normal Return

The minimum profit necessary to keep a company in business, regarded as the cost of capital in the long run.

Investment

The allocation of resources, usually money, in order to earn a future return or profit.