Many Businesses Have Developed Internal Procedures to Enforce Their Ethical

question 218

Multiple Choice

Many businesses have developed internal procedures to enforce their ethical policies. Which of the following is an example of an outside group urging ethical behavior in businesses?

• A) Management teams
• B) Union officials
• C) Suppliers
• D) Foreign trade representatives

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Definitions:

Price

The amount of money expected, required, or given in payment for something, reflecting its value, cost of production, and market demand.

Produced

The act of creating, manufacturing, or bringing into existence goods and services.

Consumer Surplus

The disparity between what consumers are prepared and can afford to spend on a product or service compared to the actual amount they end up paying.

Tariff

A tax imposed on imported goods to protect domestic industries or to generate revenue.