In Developing Ethical Standards for Your Company, You Attempt to Anticipate

question 36

Multiple Choice

In developing ethical standards for your company, you attempt to anticipate actions that would or could be harmful to consumers or the organization. For your company, ethics is:

• A) Consistent with legal standards
• B) More proactive than the law
• C) Responding to negative consequences of past actions
• D) A formal statement of legal requirements
• E) All of the above

---

Definitions:

Examine Goods

The process of inspecting or testing products to verify their condition, quality, or compliance with specifications.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Warranties Of Title

Legal guarantees by a seller to a buyer that they rightfully own the property being sold and that there are no undisclosed liens or encumbrances.

Good And Valid Title

A legal condition where an asset or property is free of liens or legal encumbrances, ensuring the owner has the right to sell or transfer it.