Which of the Following Is One of the Four Characteristics

question 93

Multiple Choice

Which of the following is one of the four characteristics of an ethical, successful company?

• A)The company gets the best deals, even to the detriment of its vendors.
• B)It has a vision that employees may relate to but cannot use in their day-to-day-work.
• C)The company emphasizes mutual benefits in its relationship with customers, clients, and vendors.
• D)It works on the belief that one's own interest comes before considering interest of others.
• E)It allows flexibility of ethical norms when the financial stakes involved are very high.

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Definitions:

Binding Price Ceilings

Government-imposed limits on the price of goods or services that are set below the market equilibrium price, leading to shortages.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or commodity.

Gasoline Shortage

A situation where the demand for gasoline exceeds the supply available, often leading to price increases and long lines at fuel stations.

Binding Price Ceiling

A maximum legal price set below the equilibrium price, leading to shortages as the quantity demanded exceeds the quantity supplied.