Which of the Following Is True of Corporate Ethics

question 77

Multiple Choice

Which of the following is true of corporate ethics?

• A)It has advanced from a core performance-assessment issue to an abstract debate.
• B)It does not require the senior executives of a company to be accountable to stakeholders.
• C)It does not deal with performance measurement, but with cosmetic public relations.
• D)It has moved from the domain of legal departments into the organizational mainstream.

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Definitions:

Profit-Maximizing

A company's goal or strategy of adjusting production and sale levels to achieve the highest possible profit under given market conditions.

Market Price

The current price at which an asset or service can be bought or sold in a particular market.

Perfectly Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a homogeneous product.

Price Setting

The determination of the selling price of goods or services, typically factoring in costs, demand, and competitive prices.