All of the Following Are Functions of Codes of Ethics

question 115

Multiple Choice

All of the following are functions of codes of ethics except

• A) they increase public confidence in a firm or its industry.
• B) they ensure that unethical behaviour will not occur in the firm.
• C) they may help stem the tide of government regulation.
• D) they improve internal operations by providing consistent ethical standards.
• E) they help management respond to problems that arise as a result of unethical behaviour.

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Definitions:

Negotiated Tariff Rates

Tariff rates established through bargaining processes between countries, rather than being set unilaterally or based on a standard formula.

Tariff Revenue

Income earned by a government through the imposition of tariffs or taxes on imported goods.

Domestic Price

The price at which goods or services are sold within a country's own market, excluding any tariffs, duties, or international shipping costs.

Free Trade

The free trade of goods and services across nations without the application of restrictions like tariffs, duties, and quotas.