Leaders Should Do All of the Following to Promote Ethical

question 138

Multiple Choice

Leaders should do all of the following to promote ethical policies in their organizations except:

• A) be available to help employees and solve ethical problems.
• B) be responsible for minimizing opportunities for wrongdoing and for exerting the controls needed to enforce company policies.
• C) be role models themselves.
• D) be prepared to take the blame for senior members' misconduct.

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Definitions:

Herfindahl-Hirschman Index

A measure of the size of firms in relation to the industry and an indicator of the amount of competition among them.

Proposed Merger

A plan or intent to combine two or more companies into one.

Oligopoly

A market structure characterized by a small number of firms that control the market, leading to limited competition.

Perfectly Competitive

Refers to a market structure where numerous small firms compete against each other, and no single firm can influence the market price of goods or services.