John Is a Human Resources Manager Who Wants to Establish

question 18

Multiple Choice

John is a human resources manager who wants to establish an ethical policy for his company.You tell him that the best support for ethical behaviour by a business organization is

• A) the intention to behave ethically.
• B) top-level management directives.
• C) top-level management support.
• D) codes of conduct.
• E) social audits.

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is unattainable.

Units Bought

Refers to the quantity of a particular good or service purchased by consumers or businesses.

Tax Imposed

A financial charge or other levy placed upon an individual or a legal entity by a state or a functional equivalent of a state.

Consumer Surplus

The difference between the amount consumers are willing to pay for a good or service versus what they actually pay.