Senior Executives Can Ensure Compliance with the Ethical Code of Conduct

question 96

Multiple Choice

Senior executives can ensure compliance with the ethical code of conduct by considering whether

• A)the proposed action is fully compliant and in harmony with the code of ethical conduct and whether stakeholders would consider anything ethically objectionable.
• B)the code of conduct is rejected by the market and accepted by employees.
• C)the code of conduct was accepted by rivals.
• D)the creation of the code of conduct should be handled by executives or employees.
• E)to eliminate the need to execute a code of conduct at all.

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Definitions:

Inelastic Demand

Characterized by a consumer's lack of sensitivity to price changes, resulting in minimal changes in quantity demanded despite fluctuations in price.

Competitive Industry

An industry characterized by numerous firms, where no single firm can dictate the price of goods or services.

Marginal Cost

The cost related to creating an additional unit of a product or service.

Above Marginal

This is not a standard economic term and lacks a universally recognized definition. NO