Which One of the Following Statements About Codes of Conduct

question 98

Multiple Choice

Which one of the following statements about codes of conduct (ethics) is false?

• A) They are formalized rules and standards that describe what a company expects of its employees.
• B) They must be detailed enough to take into account many possible situations.
• C) They encourage ethical behavior by eliminating opportunities for unethical behavior because employees know what is expected of them.
• D) They help marketers deal with marketing issues by prescribing and limiting certain activities.
• E) Top management must provide leadership in implementing codes of ethics.

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Definitions:

Machine-Hours

A measure of production volume in terms of the total hours machines are operated in the manufacturing process.

Departmental Predetermined Rates

Rates used to allocate departmental overhead costs, established in advance based on expected costs and activity levels.

Machine-Hours

A measurement unit representing the operational time of a machine, typically used in manufacturing to allocate costs based on usage.

Selling Price

Selling Price is the amount a buyer pays to purchase an item or service from a seller.