After More Than 100 Years in Business,Don,the President of a Successful

question 71

Multiple Choice

After more than 100 years in business,Don,the president of a successful family-owned company,wants to give back to the people of the community for the many years of success that they have given to my father and me.He decides to donate a significant portion of profits to a charity every year.What Don's company is doing is an example of ___.

• A)corporate social responsibility
• B)corporate governance
• C)responsibility code of ethics
• D)economic responsibility
• E)legal responsibility

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Definitions:

Ethical Questions

Queries or dilemmas that involve discerning the best course of action when faced with a situation involving moral principles.

Sarbanes-Oxley Act

A United States federal law established to protect investors by improving the accuracy and reliability of corporate disclosures.

Unlawful Conduct

Actions that violate statutory law, often reflecting behavior considered criminal or illegal.

Code of Conduct

A collection of rules intended to establish proper conduct for individuals within a specific group, organization, or profession.