What Is Important in a Plan to Support Ethical Practices

question 79

Multiple Choice

What is important in a plan to support ethical practices?

• A)a nondisclosure agreement
• B)the company's plan to define, reward, and provide training in ethical behavior
• C)a statement of ethical practice in the mission statement
• D)none, since ethics cannot be something you plan for

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Definitions:

Expected Value

A statistical measure that calculates the average outcome of a random variable after many repetitions of an experiment.

Random Variable

A variable that can take numeric values, which are the results of a random event.

Mean

A measure of central tendency, calculated by adding all the values in a dataset and dividing by the number of values.

Continuous Probability Distributions

Mathematical functions that assign probabilities to every possible value of a continuous random variable.