_____ Law Not Only Prohibits Specific Actions in Business Such

question 23

Multiple Choice

_____ law not only prohibits specific actions in business such as fraud, theft, or securities trading violations, but also imposes fines or imprisonment as punishment for breaking the law.

• A)Civil
• B)Criminal
• C)Competitive
• D)Administrative
• E)Regulatory

---

Definitions:

Mission Statements

Officially declared intentions and objectives that guide an organization's operations, decisions, and overall direction.

Radical Innovations

Developments or changes that fundamentally transform existing practices, products, or technologies, creating new markets or value networks.

Exploration

The process of seeking out new knowledge, strategies, or practices, often to foster innovation or adapt to changes.

Management Philosophy

Represents the beliefs and principles that guide a manager's decisions and actions concerning leadership, employee management, and organizational practices.