Arthur and Nicole Are Arguing Over the Creation of a Code

question 37

Multiple Choice

Arthur and Nicole are arguing over the creation of a code of ethics for an organization. Arthur believes that it would be good for organizations to follow the advice from the Institute of Business Ethics before creating the code of ethics, while Nicole disagrees with him. Which of the following actions would an organization take if it agrees with Arthur?

• A)The organization would develop its own model rather than picking a well-tested model.
• B)The organization would put the code on its website rather than sending it to all employees, suppliers, and others.
• C)The organization would conduct an extensive survey involving every employee rather than getting an endorsement from the board.
• D)The organization would determine the topics on which employees require guidance.

Discuss the challenges and strategic decisions involved in achieving global integration while maintaining local responsiveness.

Understand the role of knowledge flow and innovation in global business strategies.

Understand the concept and purpose of adjusting entries in accounting.

Distinguish between various types of accounts such as assets, liabilities, equity, revenue, and expense accounts.

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Definitions:

World Price

The international market price of a good or service, influenced by global supply and demand.

Domestic Demand

The aggregate need for products and services inside a nation.

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity of that good a seller is willing to supply.

World Price

The international market price of a good or service, determined by the global supply and demand forces.