A Human Resources Manager Is Creating a Code of Ethics

question 133

Multiple Choice

A human resources manager is creating a code of ethics for the employees of the stable she works for.Which of the following is an ethics principle she needs to keep in mind as she creates this code?

• A) The principles should upset current barn workers and future job applicants.
• B) Any decisions should be fair to all concerned: barn workers,riders,instructors,and horses.
• C) Principles can deviate from common practices because of the prestigious nature of the facility.
• D) She should have to pull rank or use coercion to implement her ethics code.

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Definitions:

Net Income

The amount of profit that remains after all operating expenses, taxes, and costs have been subtracted from total revenue, essentially the bottom line.

Break-Even Point

The point at which total costs and total revenue are equal, resulting in neither profit nor loss.

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance.

Variable Cost

A cost that varies with the level of output or activity, in contrast to fixed costs, which remain constant regardless of activity.