What Is the Extent to Which Members of an Organization

question 29

Multiple Choice

What is the extent to which members of an organization follow basic ethical and legal standards of behavior?

• A) Social responsibility
• B) Norms
• C) Values
• D) Ethical compliance
• E) Legal compliance

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Definitions:

Intrinsic Fairness Test

A legal examination to determine if a transaction within fiduciary relationships is equitable, based solely on its inherent fairness and merit.

Minority Shareholders

Shareholders who own a smaller portion of a company's shares and typically have limited influence over corporate decisions.

Freeze-Out

A tactic used by majority shareholders to oppress minority shareholders by excluding them from decision-making or business benefits.

Baldwin Properties

A name that could refer to a specific company or properties associated with a name "Baldwin," not a widely recognized legal or real estate term.