Which of the Following Is True of Corporate Ethics

question 50

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 no longer deals 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:

Inefficiency

The lack of optimal use of resources, resulting in lost potential output or increased costs.

Monopoly Pricing

Pricing strategies employed by a monopoly, where a single firm controls the entire market for a good or service and can influence prices.

Deadweight Loss

Economic inefficiency resulting when the market equilibrium for a good or a service is not achieved.

Social Cost

The total cost to society, including both private costs and any external costs, from producing or consuming a good or service.