Which of the Following Is a Rule of Ethical Behavior

question 71

Multiple Choice

Which of the following is a rule of ethical behavior in purchasing?

• A) Buyers must commit their attention and energies for the organization's benefit rather than personal enrichment at the expense of the organization.
• B) A buyer must act ethically toward suppliers or potential suppliers.
• C) Buyers must uphold the ethical standards set forth by both their organization and the purchasing profession.
• D) All of the above.
• E) None of the above.

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Definitions:

Regular Cash Dividend

A payment made by a company to its shareholders, usually in the form of cash, out of its profits or reserves on a regular basis, such as quarterly or annually.

Stock Price

The cost of purchasing a share of a company's stock, representing partial ownership in the company.

Cum Dividend

A term indicating that a stock is trading with the right to receive the most recently declared dividend.

Shareholders of Record

Shareholders of record are individuals or entities that are officially recorded by a company as the legal owners of its shares on a specific date.