Which of the Following Statements About Business Ethics Is True

question 36

Multiple Choice

Which of the following statements about business ethics is true?

• A) They are skills needed to identify and overcome business problems.
• B) They are of decreasing significance to businesses in the post-trust era.
• C) They are self-formulated values prioritized and adhered to by individuals in business.
• D) They measure the extent to which employees care for the needs of the business.
• E) They are commonly held principles in the business community for acceptable behavior.

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Definitions:

Paid-In Capital in Excess of Par

The amount received by a company from selling its shares above their par value.

Organizational Expenses

Costs incurred during the formation of a corporation or organization, such as legal fees and registration charges.

Corporate Form

A legal structure for a business recognized as a separate legal entity from its owners, offering liability protection but with specific tax obligations.

Major Policy Decisions

Key strategic decisions made by a company's management or board of directors that affect the overall direction and policies of the organization.