Which of the Following Statements Is True About Ethical Standards

question 74

Multiple Choice

Which of the following statements is true about ethical standards and culture around the world?

• A) Corporate gift-giving customs are same around the world.
• B) Standards of business ethics are identical around the world.
• C) In the United States, government officials are allowed to accept expensive gifts from businesses.
• D) American managers operating abroad must ignore the standards set in the United States and abide by the local standards.
• E) Business managers working in foreign countries must set guidelines for their companies on how to operate both within their own culture and in other cultures.

Recognize the individual's role in self-directed learning and skill development.

Grasp the role and development of critical thinking in academic and organizational contexts.

Attain knowledge of the dual necessity to comprehend human behavior and organizational contexts for a complete understanding.

Identify the methods through which objective knowledge is developed in any field.

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Definitions:

Exchange

In sociology, it refers to the act of trading goods, services, or favors between individuals or groups, often aiming for mutual benefit.

Economic Activity

Any actions that involve the production, distribution, and consumption of goods and services.

Sectors

Distinct parts of an economy or society, such as the public, private, and voluntary sectors, each with its specific characteristics and functions.

Tertiary

Referring to the third level or stage, often used in education (tertiary education) and economic sectors (tertiary sector or services sector).