When Creating a Code of Ethics from Scratch,the Institute of Business

question 26

True/False

When creating a code of ethics from scratch,the Institute of Business Ethics suggests that an organization should get endorsement from the chairperson and the board.

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Definitions:

Common Shares Issued

Refers to the number of shares that have been allocated to shareholders as part of a company's capital stock.

Market Price

The current price at which a particular security, commodity, or asset can be bought or sold on the market.

Comprehensive Income

The total change in equity for a reporting period, including all revenues, gains, expenses, and losses.

Net Income

The profit a company has after all expenses, taxes, and costs have been subtracted from total revenue.