A Company's Value Statement and Code of Ethics

question 74

Multiple Choice

A company's value statement and code of ethics

• A)help to mold the culture and communicate what kinds of actions and behaviors are expected of all company personnel.
• B)help prevent it from coming across to customers and the general public as greedy.
• C)serve the valuable purpose of making its suppliers hesitant to engage in business practices that are unethical.
• D)are the most important factors determining its reputation with customers, suppliers, employees, shareholders, and society at large.
• E)should always be made a prominent and visible part of the company's strategic intent and strategy.

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Definitions:

Hierarchical Model

A system of organization where entities are ranked one above the other according to status or authority.

Intelligence

The ability to learn, understand, and apply knowledge, solve problems, and adapt to new situations.

Spearman's G

A theory proposed by Charles Spearman that suggests a general intelligence factor underlies all cognitive abilities.

S Factors

Specific factors in intelligence testing that represent particular skills or abilities, as opposed to general intelligence.