A Giant Step Is Taken Toward Improving Ethical Performance Throughout

question 7

Multiple Choice

A giant step is taken toward improving ethical performance throughout the company when:

• A) The firm hires a university ethics professor to lecture employees on moral philosophy.
• B) The Justice Department launches an investigation of the firm's pricing practices.
• C) Senior-level managers signal to employees that they believe ethics is a high priority.
• D) A consumer hot line is created and staffed 24 hours a day.

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Definitions:

Working Lifetime

The period in an individual's life during which they are active in the workforce, contributing labor in exchange for income.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specific rate of return.

Income Loss

A reduction in the amount of income generated or received.

Full-Ride Scholarship

A type of scholarship that covers all of a student's tuition, fees, and possibly living expenses for the duration of their studies.