Principles Are

question 21

Multiple Choice

Principles are

• A)laws and regulations that guide behavior in the world of business.
• B)mores,values,and customs that guide behavior in general.
• C)specific and pervasive boundaries for behavior that are universal and absolute.
• D)the obligations businesses assume to maximize their positive impact and minimize their negative impact on stakeholders.
• E)the mores,values,and customs that parents teach their children.

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Definitions:

Open-book Management

A management approach where businesses share their financial and operational information with all employees to engage and empower them.

Company's Finances

The management, status, and operations related to the inflow and outflow of money within a company.

Offsite Training

Instruction or education programs conducted away from the usual work location to provide a unique, often more focused learning environment.

Tightrope Walking

A metaphor for managing a difficult and risky balance between differing or opposing conditions or priorities.