It Is Possible to Improve Ethical Behavior in an Organization

question 37

True/False

It is possible to improve ethical behavior in an organization by eliminating unethical persons and improving the organization's ethical standards.

Recognize the structural dynamics of new organizations or subunits.

Differentiate between network organizations and virtual organizations in the context of emerging structures.

Understand the principles and schools of jurisprudence and their application in real-world scenarios.

Identify the roles and functions of various U.S. agencies and their impact on business practices.

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Definitions:

Consolidation

The act of merging multiple entities into one, often to streamline operations and reduce costs, or in financial terms, combining financial statements of parent and subsidiary companies.

Subsidiary

A company that is controlled by another company, typically referred to as the parent company.

White Knight

When a firm is an acquisition target by an unattractive suitor, a more desirable acquirer is known as a white knight. (The original suitor may be known for particularly ruthless treatment of acquired companies.)

Tender Offers

A public proposal by a person or company inviting shareholders to sell their shares at a specified price.