Corporate Codes of Conduct

question 35

Multiple Choice

Corporate codes of conduct:

• A) Address labor issues in a global economy and can be legally enforced.
• B) Address labor issues in a global economy and are enforced through public and consumer pressure.
• C) Are labor standards that can be imposed on a company by their government.
• D) Have been very effective in ensuring labor rights are recognized and honored.

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Definitions:

Corporate Social Responsibility

The practice of businesses actively engaging in initiatives that positively impact society, the environment, and their stakeholders beyond what is legally required.

Directly Responsible

Bearing immediate accountability for actions, tasks, or outcomes, without intermediary delegation or oversight.

Profit Maximization

The process of increasing a company's profit to the highest possible level through the adjustment of sales, production, and pricing strategies.

Society's Resources

The assets, both tangible and intangible, that are available for use by the members of a society.