A Set of Formalized Rules and Standards That Describe What

question 81

Multiple Choice

A set of formalized rules and standards that describe what a company expects of its employees is called a(n)

• A) code of ethics.
• B) opportunity.
• C) moral philosophy.
• D) guideline.
• E) law.

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Definitions:

Administrative Bodies

Organizations or agencies responsible for implementing rules and regulations and overseeing a particular sector or aspect of society.

Federal Trade Commission

A United States federal agency established to promote consumer protection and eliminate and prevent anti-competitive business practices.

Antitrust Laws

Antitrust laws are regulations that promote competition by restricting monopolistic practices and corporate acquisitions that might substantially reduce market competition.

Administrative Bodies

Organizations or agencies responsible for the governance and implementation of laws and policies at various levels of government.