Once Values and Ethical Standards Have Been Formally Adopted, a Company

question 73

Multiple Choice

Once values and ethical standards have been formally adopted, a company must

• A)require every employee to memorize the company's formal statement of core values and code of ethics.
• B)make it unequivocally clear that the company's core values and ethical standards are strictly enforced cultural norms.
• C)rely only on word-of-mouth indoctrination and company tradition to instill values and ethical conduct.
• D)grant compensation increases and promotions only to those managers who are willing to act as evangelists for the company's core values and ethical standards.
• E)hold periodic ceremonies to vilify employees that do not live up to the company's core values or who are found guilty of violating the company's code of ethics.

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Definitions:

Industry Supply Curve

A graphical representation that shows the quantity of goods that producers are willing and able to sell at different price levels in a specific industry.

Variable Costs

Costs that vary directly with the level of production, such as materials and labor.

Long Run

A period of time in economics during which all factors of production and costs are variable.

Apple Orchard

An agricultural area dedicated to the cultivation of apple trees for the purpose of producing apples.