By Free Enterprise,we Mean That

question 57

Multiple Choice

By free enterprise,we mean that:

• A) products are provided free to those who cannot afford to buy them.
• B) individual producers determine how to produce,but government agencies determine what will be produced.
• C) individuals may obtain resources,organize production,and sell the resulting output in any legal way they choose.
• D) individuals are free to produce those products that government agencies determine can be produced profitably.

Understand the concept and importance of corporate culture in an organization.

Comprehend the role and elements of a code of ethics in shaping ethical behavior within organizations.

Recognize the importance of ethical marketing and understanding the American Marketing Association Statement of Ethics.

Identify the factors influencing the violation of ethics codes and strategies to mitigate such violations.

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Definitions:

Epiglottis

The flap-like structure that closes off the larynx during swallowing.

Larynx

The part of the respiratory tract between the pharynx and the trachea that is responsible for voice production; also called the voice box.

Palate

The roof of the mouth.

Nasal Cavities

Hollow spaces within the nose that filter, warm, and humidify air breathed in, also playing a role in olfaction (sense of smell).