Communication Is Important in Keeping a Firm on Its Ethical

question 5

Multiple Choice

Communication is important in keeping a firm on its ethical course because

• A) centralization may reduce the opportunity for unethical conduct.
• B) top executives must enforce overall ethical standards within the organization.
• C) the moral philosophies of employees are always consistent with the moral philosophies of top management.
• D) employees must learn when unethical behavior is appropriate to maximize profits.
• E) issues such as price collusion and bribery must be decided on a decentralized basis.

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Definitions:

New Products

Items or services introduced to the market for the first time, aiming to meet consumer demand or open new market opportunities.

Intraoperation Scope

The range or extent of activities and processes conducted within a single operation or phase of production or service delivery.

Supply Chain Surplus

The total value created by the supply chain, computed as the difference between the value of the final product to the consumer and the costs of the supply chain activities.

Implied Demand Uncertainty

The anticipated variation in customer demand, influencing inventory levels, production planning, and capacity decisions.