To Ensure That the Guidelines for Right Behaviour Are Followed

question 40

Multiple Choice

To ensure that the guidelines for right behaviour are followed, a corporation should follow:

• A) ethical principles.
• B) accounting law.
• C) the corporate culture.
• D) the leaders in their category of business.
• E) the Enron rules.

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Definitions:

Comparative Advantage

The economic principle that a country or entity should produce goods and services for which it has a lower opportunity cost than its trading partners.

Mutual Gain

A situation or outcome in negotiation or trade where all parties involved benefit or achieve some level of advantage.

Tariffs

Tariffs are taxes imposed by a government on imported or exported goods.

Quotas

Government-imposed trade restrictions that limit the quantity or monetary value of goods that can be imported or exported during a specified time.