The Ethics and Global Strategy Plan for Improving Global Business

question 42

Multiple Choice

The ethics and global strategy plan for improving global business ethics has as its central idea

• A) placing ethics ahead of profits as the number one priority.
• B) focusing on human rights rather than profits.
• C) employing only hypernorms for the MNC's ethical standards.
• D) utilizing ethical standards as significant inputs into top-level strategy formulation and implementation.

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Definitions:

Retained Earnings

The portion of net income not distributed to shareholders but reinvested in the business or kept as reserve.

Operational Funds

Money that is available for daily business activities, including salaries and maintenance, ensuring smooth operations.

Full Capacity Sales

Full capacity sales refer to the maximum sales level that a company can attain with its current production capacity and resources, without additional investment.

Net Income

A company's revenue minus all its expenses and taxes equals its total income.