Almost Every Organization Includes Values and Ethics in Its Mission

question 44

Multiple Choice

Almost every organization includes values and ethics in its mission statement, but the establishment of an ethical business climate primarily requires:

• A)clearly stated regulatory requirements.
• B)legal training for labourers.
• C)weekly reminder seminars.
• D)commitment from senior management.
• E)cooperation from competitor management.

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Definitions:

Statutory Insider

A person within a corporation, such as directors or executives, who possesses key information, making them subject to insider trading regulations.

Company Stock

Equity shares issued by a corporation representing ownership in the company.

Tippee

An individual who receives confidential information from an insider.

Presidential Profits

Earnings generated by a sitting president's business ventures, potentially raising ethical concerns.