Organizational Codes of Ethics

question 46

Multiple Choice

Organizational codes of ethics

• A) apply only to employers
• B) are mandated by federal law
• C) deal with organizational, not personal, matters
• D) inform employees as to how they are expected to conduct business
• E) safeguard the firm's reputation

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Definitions:

Cash Dividend

A payment made by a company out of its earnings to its shareholders, usually in the form of cash.

Stock Dividend

A dividend payment made in the form of additional shares rather than a cash payout.

Legal Obligation

A duty enforced by law that requires an individual or entity to conform to specific conduct or refrain from certain actions.

Cash Dividend Declaration

An announcement by a company's board of directors to distribute profits to shareholders in the form of cash.