Corporate Culture Manifests Itself in Many Different Ways: the Ethical

question 73

Multiple Choice

Corporate culture manifests itself in many different ways: the ethical behavior of top management, expectations for ethical behavior present in formal codes of ethics, and

• A) contracts and agreements between members of the same industry.
• B) state and local laws regarding ethical business behavior.
• C) the dress codes, manner of work, and sayings of its employees.
• D) the socially responsible behaviors of its customers.
• E) the involvement of shareholders with an organization's day-to-day marketing decisions.

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Definitions:

Firms

Business organizations or entities engaged in commercial, industrial, or professional activities, aiming to generate profits.

Marginal Cost

The increase in total production costs that arises from producing an additional unit of a good or service.

Ideal

A concept or standard of perfection or excellence that serves as a benchmark or goal.

Price Takers

Entities in a market that accept prevailing prices for goods or services, lacking the market power to influence prices on their own.