Which of the Following Functions Does a Code of Ethics

question 92

Multiple Choice

Which of the following functions does a code of ethics perform?

• A)It clarifies an organization's cornerstones to its employees, managers, and stakeholders.
• B)It allows the board members of an organization to be accountable only to themselves.
• C)It allows chief executive officers unrestrained power in the decision-making process.
• D)It works with the standards of corporate governance to limit employees' independence.

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Definitions:

Price Per Ton

A measure of how much a good costs per ton; commonly used in material and commodity markets.

Equilibrium Price

The equilibrium price where the number of items provided matches the number of items required.

Equilibrium Quantity

The quantity of goods or services supplied equals the quantity demanded at the market equilibrium price.

Domestic Demand Curve

A graphical representation showing the quantity of a product that consumers in a domestic market are willing to purchase at various prices.