Ethical Culture Is Defined as

question 10

Multiple Choice

Ethical culture is defined as

• A) rules, standards, and moral principles regarding what is right or wrong in specific situations.
• B) the establishment and enforcement of ethical codes throughout the organization.
• C) the development of rules and norms that are socially enforced.
• D) the codification of laws to reward organizations for taking action to prevent misconduct.
• E) the character of the decision-making process that employees use to determine whether their responses to ethical issues are right or wrong based on values and norms.

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Definitions:

Share Income

Share Income describes the earnings attributed to shareholders from their investment in shares, typically expressed through dividends.

Partnership Terminated

The dissolution of a business partnership through the exit of one or more partners or by mutual agreement.

Agreement

A mutual arrangement, contract, or understanding between parties outlining their rights and responsibilities.

Death

The cessation of all biological functions that sustain a living organism; not relevant in a financial context.