Employees Are Much More Likely to Act Ethically When a Credo

question 104

True/False

Employees are much more likely to act ethically when a credo does not exist or is avoided.

---

Definitions:

Market Price

The current price at which a good or service can be bought or sold in a particular market.

Firm

An organization, especially one involved in business or commerce, that produces and sells goods or services.

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.

Profit-Maximizing Output

The level of production at which a company achieves the highest possible profit, where marginal cost equals marginal revenue.