Texas Instruments Has Developed a Detailed Values and Ethics Statement

question 53

Multiple Choice

Texas Instruments has developed a detailed Values and Ethics Statement and Code of Business Conduct.Why did they choose to create this?

• A) Because it makes TI look good
• B) TI's suppliers will only buy from them if they have this statement
• C) U. S. law requires a code of ethics
• D) Consumers demand ethical practices
• E) A Code of Ethics helps guide buyers and sellers and overall helps the company to follow ethical practices

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Definitions:

Elasticity of Supply

A measure of how the quantity supplied of a good responds to a change in the price of that good, defined as the percentage change in quantity supplied divided by the percentage change in price.

Total Revenue

The total income generated from the sale of goods or services before any expenses are subtracted.

Elasticity of Supply

A measure of how much the quantity supplied of a good responds to a change in the price of that good.

Income Elasticity

A measure of how much the demand for a product changes with a change in consumers' income.