With Reference to Ethical Norms, to Provide the Order in Business

question 97

Multiple Choice

With reference to ethical norms, to provide the order in business relationships that permits predictable plans to be effective is a form of .

• A) security
• B) justice
• C) freedom
• D) efficiency

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Definitions:

Emergent Strategies

Emergent strategies develop over time as managers learn from and respond to experience.

Managerial Learning Curve

The process by which managers gain experiential knowledge that improves their decision-making, efficiency, and effectiveness over time.

Unrelated Diversification

A business strategy where a company expands into industries or markets that are not related to its existing business activities.

Acquiring New Businesses

The process by which a company purchases or takes over other businesses to expand its operations, market reach, or product offerings.