A Company's Stated Core Values and Ethical Principles

question 69

Multiple Choice

A company's stated core values and ethical principles:

• A) are important because of their role in ensuring that company executives will not engage in unethical behavior or behave in a manner that is contrary to the company's core values.
• B) are typically tightly linked to its strategic vision and strategy.
• C) are the best indicators of a company's social responsibility strategy.
• D) are fostering a work climate where company personnel share common and strongly-held convictions about how the company's business is to be conducted and provide guidance in displaying the core values in their actions and behaviors.
• E) are strictly enforced in strong culture companies and weakly enforced in weak culture companies.

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Definitions:

Benefit

The advantage or positive outcome gained from an action, investment, or decision.

Public Entertainment

Activities, performances, or shows that are intended to provide enjoyment and relaxation to the general public.

Dominant Strategy

In game theory, a strategy that is the best choice for a player, regardless of the strategies chosen by other players.

Wealth

The abundance of valuable resources or material possessions, or the control over such assets.