Specific Changes Reported by CEOs in a Survey by the Business

question 3

Multiple Choice

Specific changes reported by CEOs in a survey by the Business Roundtable Institute for Corporate Ethics included all of the following EXCEPT

• A)enhanced internal reporting and communications.
• B)ethics hotlines.
• C)improved compliance procedures.
• D)decreased number of whistleblowers.
• E)greater oversight by the board of directors.

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Definitions:

Substitution Effect

The economic principle that as prices rise or income decreases, consumers will replace more expensive items with less costly alternatives.

Income

The monetary amount received by an individual or entity in exchange for labor, services, or investment.

Price

The amount of money or compensation exchanged for the ownership or use of a good or service.

Apples

A type of fruit that comes in various colors and flavors, commonly grown in temperate climates.