Which of the Following Is an Example of Ethical Behavior

question 62

Multiple Choice

Which of the following is an example of ethical behavior of the management of a corporation?

• A)Executives of the corporation pursue their own personal interests when making important business decisions.
• B)Payment of bribe by the management of the corporation to foreign governments to obtain business.
• C)The management of the corporation uses confidential information for personal gain.
• D)The management actions are often resulting in large gains for themselves and large losses for stockholders.
• E)The management takes steps to adhere to laws and regulations relating to product safety.

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Definitions:

Solar Water Heaters

Systems that convert sunlight into heat to warm up water for household use, reducing the need for conventional energy sources.

Price Effect

The impact that a change in a good's price has on its demand or supply, affecting consumer choice and market equilibrium.

Nonprice Competition

A marketing strategy whereby a firm seeks to differentiate its product or service from competitors through attributes other than price, such as quality, service, or brand image.

Tacit Collusion

An unspoken agreement between competitors to avoid certain competitive practices, such as price wars, to maximize profits without explicit communication.