Appropriate Ethical Behaviour Is Important in Business Because

question 36

Multiple Choice

Appropriate ethical behaviour is important in business because

• A)organisations conducting business in an ethical way enhance their prospects of survival and growth
• B)there is a community expectation that businesses will act in an courteous way
• C)surveys show that business ethics and good,ethical communications are less valued
• D)all of the above

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Definitions:

Critical Value

A threshold value used in hypothesis testing to determine whether to reject the null hypothesis, based on the statistical model used.

Level of Significance

A threshold within statistical hypothesis testing that determines whether to accept or reject the null hypothesis, paralleling the concept of a significance level but emphasizing its critical value in analysis.

Means

The average of a set of values, calculated by dividing the sum of the values by the number of values.

Populations

Refers to the entire group of individuals or items that are the subject of a statistical study.