What Is the Role of the CEO in Setting the Ethical

question 31

Multiple Choice

What is the role of the CEO in setting the ethical tone for a company?

• A) to punish any unethical behaviour from any employee
• B) to behave ethically at all times
• C) to make sure that the written code of ethics is enforced throughout the organization
• D) to establish high ethical standards, clearly communicate these standards, and demonstrate a strong personal commitment to them

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Definitions:

Wage Rates

The standard amount of compensation given to employees for their services per unit of time or piece of work.

AFC

Average Fixed Costs, which are total fixed costs divided by the quantity of output produced.

AVC

Average Variable Cost; the total variable costs divided by the quantity of output produced.

ATC

Average Total Cost, which is the total cost divided by the quantity of output produced, representing the per-unit production cost.