A Company's Value Statement and Code of Ethics

question 74

Multiple Choice

A company's value statement and code of ethics

• A)help to mold the culture and communicate what kinds of actions and behaviors are expected of all company personnel.
• B)help prevent it from coming across to customers and the general public as greedy.
• C)serve the valuable purpose of making its suppliers hesitant to engage in business practices that are unethical.
• D)are the most important factors determining its reputation with customers, suppliers, employees, shareholders, and society at large.
• E)should always be made a prominent and visible part of the company's strategic intent and strategy.

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Definitions:

Advertising Fees

Advertising Fees are charges incurred for the promotion of products, services, or a brand through various advertising channels and media, aimed at reaching a wider audience and increasing sales.

Disclosure Statement

A document that outlines critical information about a transaction or investment, required by law to be presented to a potential buyer or investor.

Litigation

The process of taking legal action or resolving disputes in court.

Intellectual Property

A range of legal rights that grant creators protection for their original works, inventions, or the appearance of products, which can include patents, copyrights, trademarks, and trade secrets.