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Codes of Conduct Are Playing an Increasingly Important Role in Business

question 134

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Codes of conduct are playing an increasingly important role in business ethics.


Definitions:

Return On Investment

A performance measure used to evaluate the efficiency of an investment or compare different investments.

Residual Income

Earnings that exceed the minimum acceptable return on an investment or project, often used in performance measurement and compensation.

Managerial Performance

An evaluation of a manager's effectiveness in meeting organizational goals and managing resources efficiently.

Investment Centers

Parts of an organization that are responsible for their revenue, expenses, and investment in assets, allowing for a close measure of profitability.

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