Why Did Citigroup Implement a Statement of Cultural and Ethical

question 46

Multiple Choice

Why did Citigroup implement a statement of cultural and ethical values after being stung by a series of scandals?

• A) A formal statement of the company's values relates to the unobservable but important organizational culture.
• B) A formal statement of values can serve as a fundamental organizational document that defines what the organization stands for.
• C) A formal statement addresses ethical values rather than specific behaviours.
• D) A formal statement is often part of a larger mission statement and therefore is taken for granted.

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Definitions:

Monthly Fixed Manufacturing Cost

Regular, unchanging costs incurred by a manufacturing facility each month regardless of the volume of production, such as rent, salaries, and insurance.

Office Expense

Costs related to the day-to-day operations of an office, including supplies, utilities, and administrative salaries.

Total Cost

The complete amount of expenses incurred by a business or individual in the production or acquisition of a good or service.

Manufacture Units

The individual items or goods produced by a manufacturing process.