Which of the Following Best Describes Ethical Responsibility

question 43

Multiple Choice

Which of the following best describes ethical responsibility?

• A)Ethical responsibility means producing products and services that meet the needs of customers and clients.
• B)Ethical responsibility means that corporate activities comply with high moral and legal standards.
• C)Ethical responsibility means that companies give back, serve, and meet the shared interests of their communities.
• D)Ethical responsibility means that companies continuously strive to reduce the cost of their operations.
• E)Ethical responsibility means that companies determine what is desirable by seeing what their competitors do.

---

Definitions:

Pre-Acquisition Subsidiary Revenues

Revenues generated by a subsidiary prior to being acquired by a parent company.

Calendar Year

The period of time from January 1st to December 31st, used for general purposes including statutory, administrative, and fiscal activities.

Consolidated Net Income

The combined total net income of a parent company and its subsidiaries, after eliminating intercompany transactions and balances.