In a Firm, Codes of Ethics Apply to ________

question 7

Multiple Choice

In a firm, codes of ethics apply to ________.

• A) part-time employees
• B) senior managers
• C) Both A and B
• D) Neither A nor B

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Definitions:

Unfair Trade Practices

Business methods considered unethical or illegal, which deceive, mislead, or harm consumers or competitors.

Trade Barriers

Measures imposed by governments to restrict international trade, typically to protect domestic industries, including tariffs, quotas, and regulations.

Protected Products

Goods that are safeguarded by trade policies or tariffs to give domestic producers a competitive advantage over foreign imports.

Tariff Rates

Taxes or duties imposed by a government on imported or, less commonly, exported goods, often used to protect domestic industries or generate revenue.