Marketing,the Effective Rules of the Game,the Boundaries Between Competitive and Unethical

question 29

Multiple Choice

marketing,the effective rules of the game,the boundaries between competitive and unethical behavior,and the codes of conduct in business dealings are referred to as

• A) societal norms.
• B) societal mores.
• C) business cultures.
• D) fair trade practices.
• E) corporate values.

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Definitions:

Fair Labor Standards Act

A federal law in the United States that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers.

Employees

Individuals hired by a business or organization to perform work in exchange for compensation.

FICA Taxes

Taxes imposed on both employers and employees to fund Social Security and Medicare in the United States.

Retirement Benefits

Payments or other benefits provided to employees after they retire, such as pensions or health insurance.