A Company Ethical Code Usually Specifies How Far Employees Can

question 47

True/False

A company ethical code usually specifies how far employees can go before an unethical act is classified as being illegal.

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Definitions:

Liquidate

The process of converting assets into cash or equivalent by selling them, often used in the context of closing a business or paying off debts.

Profits

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Oil Future Contract

A legal agreement to buy or sell a specific amount of crude oil at a predetermined price at a specified time in the future.

Spot Price

The existing cost at which an asset is available for immediate purchase or sale.