The Final Step in the Development of Corporate Codes of Conduct

question 19

Multiple Choice

The final step in the development of corporate codes of conduct or mission statements is to:

• A)ask oneself what one stands for or what the company stands for.
• B)articulate a clear vision regarding the firm's direction.
• C)identify clear steps as to how the cultural shift will occur.
• D)believe that the culture is actually possible and achievable.

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Definitions:

Output

The total amount of goods or services produced by a company or industry over a specific period.

Buyers

Individuals or entities that purchase goods or services for personal use, resale, or production.

Income Elasticity of Demand

A measure of how the quantity demanded of a good changes in response to a change in consumers' income.

Inferior Good

A type of good whose demand decreases as the income of consumers increases, contrasting with normal goods.