____ Ethical Issues Generally Surface When Companies Fail to Disclose

question 128

Multiple Choice

____ ethical issues generally surface when companies fail to disclose risks associated with a product or information regarding its function, value, or use.

• A) Promotion-related
• B) Distribution
• C) Corporate
• D) Product-related
• E) Safety

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Definitions:

Laissez-Faire Economy

An economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs, and subsidies.

Purely Capitalist Economy

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.

Features of Capitalism

include private property ownership, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets, driving economic growth and innovation.

Corporate Entities

Organizations or companies recognized by law as a single entity, separate from its owners, with its own rights, responsibilities, and liabilities.