If a Company Deals with Violations of Its Ethical Codes

question 17

Multiple Choice

If a company deals with violations of its ethical codes ____, the opportunity to be unethical will be reduced.

• A) leisurely and lightly
• B) firmly and consistently
• C) on a case-by-case basis
• D) quietly and erratically
• E) frequently and severely

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Definitions:

Economic Value

The assessment of value that a good or service offers to an economic entity.

Operating Cost

Expenses associated with the day-to-day operations of a business, including costs for materials, labor, and overhead.

Useful Life

The estimated period over which a fixed asset is expected to be usable for the purpose it was acquired.

Economic Value

Economic value refers to the worth of a good or service determined by its utility and ability to meet the demand of those willing to pay for it.