Compared with the SIC System, the North American Industry Classification

question 107

Multiple Choice

Compared with the SIC system, the North American Industry Classification System (NAICS) will

• A)look at many industries at one time.
• B)be used throughout the world.
• C)contain the most up-to-date information for the NAFTA partners.
• D)provide less information about service industries.
• E)generate statistics that will not be useful in comparing countries.

Understand the historical development of business ethics as a field of study.

Recognize the importance of ethical practices in enhancing customer trust and satisfaction.

Identify the key legislative acts influencing business ethics and corporate governance.

Understand the role of consumers' rights and consumerism in business ethics.

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Definitions:

Self-Monitoring

The ability of individuals to regulate their behavior to accommodate social situations, observing and controlling their expressive behavior and self-presentation.

Behavioural Approach

A psychological perspective focusing on observable behaviors and how they're learned through interactions with the environment.

Cognitive Processes

Mental actions or operations that involve thinking, understanding, learning, and remembering.

Free Will

The concept that humans have the ability to make choices that are not determined by prior causes or by divine intervention.