Which One of the Following Statements About Codes of Conduct

question 98

Multiple Choice

Which one of the following statements about codes of conduct (ethics) is false?

• A) They are formalized rules and standards that describe what a company expects of its employees.
• B) They must be detailed enough to take into account many possible situations.
• C) They encourage ethical behavior by eliminating opportunities for unethical behavior because employees know what is expected of them.
• D) They help marketers deal with marketing issues by prescribing and limiting certain activities.
• E) Top management must provide leadership in implementing codes of ethics.

Acknowledge the role of business ethics in maintaining a fair and just workplace environment, including affirmative action and hostile work environments.

Grasp the complexities and challenges in recognizing and addressing ethical issues in business.

Understand the process of soil formation and the role of weathering.

Identify features of caves and karst landscapes, including speleothems such as stalagmites and stalactites.

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Definitions:

Fannie Mae

A government-sponsored enterprise (GSE) aimed at expanding the secondary mortgage market by securitizing mortgages.

Mortgage-Backed Securities

Securities issued for the financing of large pools of mortgages. The promised returns to the security holders are derived from the mortgage interest payments.

Capital Requirement

The minimum amount of financial resources that a firm needs to conduct its business activities, often regulated in industries like banking.

Investment Banks

Financial institutions that assist individuals, corporations, and governments in raising capital by underwriting and/or acting as the client's agent in securities issuance.