Which of the Following Terms Represents a Formal, Written Statement

question 85

Multiple Choice

Which of the following terms represents a formal, written statement of the values and ethical standards that guide a firm's action?

• A) Codes of ethics
• B) Business plan
• C) Standard operating procedures
• D) Strategic plan
• E) Licensing agreement

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Definitions:

Planning Process

A systematic approach to defining goals, developing strategies, and outlining tasks and schedules to achieve the desired outcomes.

Strong Words

Powerful or emphatic words used to make a statement more forceful or impactful.

Convey Meaning

The act of communicating or expressing ideas, feelings, or information clearly and effectively.

Clarity

The quality of being coherent and intelligible; clearness in thought or expression.