Which of the Following Is True of Managing Ethical Behavior

question 45

Multiple Choice

Which of the following is true of managing ethical behavior?

• A)Ethical issues are always public and monumental.
• B)Organizations must create a culture that discourages ethical behavior.
• C)Ethical behavior is a major internal force for change in an organization.
• D)Society expects organizations to maintain ethical behavior in relationships with customers.

---

Definitions:

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products, and free entry and exit, which leads to firms being price takers.

Smartphones

Mobile phones that offer advanced functionalities, including internet connectivity, apps, and touchscreen interface.

MC < ATC

A condition where the marginal cost of producing an additional unit is less than the average total cost, implying the company can lower its average total cost by increasing production.

Perfectly Competitive

A perfectly competitive market is characterized by many buyers and sellers, homogenous products, and free entry and exit, leading to price determination by market forces.