A _____ Generates an Ethical Program That Creates Order by Requiring

question 27

Multiple Choice

A _____ generates an ethical program that creates order by requiring that employees identify with and commit to specific required conduct using legal terms and statutes.

• A)values orientation
• B)code of conduct
• C)statement of values
• D)code of ethics
• E)compliance orientation

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Definitions:

Profit Maximization

The process or strategy where a firm adjusts its production to achieve the highest possible profit.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the physical factors of production including machinery, buildings, and land.

Labor

The contribution of human physical and mental energies in the fabrication of goods and the supply of services.

Technological Change

The development and application of new processes, tools, and machines, leading to more efficient production methods.