Societal Ethics

question 20

Multiple Choice

Societal ethics:

• A) include unwritten norms and values.
• B) encourage companies to adopt a broad stance on social responsibility.
• C) encourage companies to use tactics that lead to an institutionalized role orientation.
• D) encourage companies to use tactics that lead to an individualized role orientation.

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Definitions:

Unemployment Rate

The quantum of the working population that is job-free and in active search of employment.

Inflation Rate

The percentage increase in the general level of prices for goods and services over a certain period of time.

Rational Expectations School

A theory in economics that suggests individuals make decisions based on their rational outlook, available information, and past experiences.

Fixed-growth Rate

A constant percentage rate at which a variable, such as an economy or a population, grows over a specified period of time.