A Strong Ethics Program Includes All of the Following Elements

question 37

Multiple Choice

A strong ethics program includes all of the following elements except

• A)a clause promising good stock market performance.
• B)a written code of conduct or ethics.
• C)formal ethics training.
• D)auditing, monitoring, enforcement, and revision of standards.
• E)high-level personnel to oversee the program.

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Definitions:

Product Differentiation

Identifying unique features of a product or service to elevate its attractiveness to a chosen target group.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power and differentiation.

Long-Run Equilibrium

A state in which all firms in a perfectly competitive market achieve economic equilibrium, where no firm has an incentive to change its output and all adjustments have been made.

Excess Capacity

A situation where a firm is producing less than the maximum possible output due to insufficient demand or other factors.