More Than a Compliance Program, Business Ethics Is Becoming

question 34

Multiple Choice

More than a compliance program, business ethics is becoming

• A)a management issue to achieve competitive advantage.
• B)a guaranteed way to earn higher financial returns.
• C)mainly a government regulatory issue.
• D)an initiative led by nonprofit organizations.
• E)a program that decreases profits but increases societal benefits.

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Definitions:

Cut the Price

To reduce the selling price of a product or service.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good changes in response to a change in its price.

Close Substitutes

Products or services that can be used in place of one another with little difference in satisfaction for the consumer, leading to a high cross-elasticity of demand.

Supply

The total amount of a good or service that is available for purchase at any given price level.