Which of the Following Statements Best Justifies Why a Company

question 41

Multiple Choice

Which of the following statements best justifies why a company should act in an ethical manner?

• A) The government will take action if a firm fails to act ethically.
• B) Acting ethically always maximizes profits in the short run.
• C) Acting ethically will help a company to prosper in the long run.
• D) The right thing to do is always the least expensive alternative.

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Definitions:

Population Parameters

Statistical measures that describe characteristics of a population, such as the mean (average), median, mode, and standard deviation.

Precision

The consistency and repeatability of a measurement, or how close multiple measurements are to each other.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables change together, ranging from -1.0 to +1.0.

Direction

Guidance or supervision towards a specific aim or goal; also refers to the course along which something moves.