When Rubberstamp Productions, Previously a Small-Time Production House, Grew in Size

question 45

Multiple Choice

When Rubberstamp Productions, previously a small-time production house, grew in size, the first thing its chief executive officer (CEO) did was to establish a set of guidelines that detailed all the principles, standards, and procedures to be followed in the company's line of business. The CEO set specific standards on topics ranging from treatment of coworkers to protecting the environment to maintenance of financial records. This scenario illustrates that the CEO developed a _____.

• A) database of employee records
• B) code of ethics
• C) performance appraisal document
• D) cognitive map

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Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed, which can vary based on income level, type of income, and jurisdiction.

Deflation

A decrease in the general price level of goods and services, often indicating an economy in decline.

Farmers

Individuals engaged in agricultural activities, aimed at producing food and other crops.

Fed

Short for the Federal Reserve System, it's the central banking system of the United States, responsible for monetary policy.