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.

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Definitions:

Allocated Overhead

The process of distributing indirect costs to various departments, projects, or products based on a certain formula or method.

Activity-based Management

A method of management that focuses on business activities for improving the value received by the consumer and the profit gained by providing this value.

ABC

Activity-Based Costing (ABC) is a method of assigning indirect costs to products and services based on the activities they require.

Batch Size

The quantity of units produced in a single production run or batch, affecting efficiency and cost.