Which of the Following Statements Best Reflects a Strategic Approach

question 14

Multiple Choice

Which of the following statements best reflects a strategic approach to creating and maintaining an ethical corporate culture?

• A) "Our code of conduct is window-dressing."
• B) "People are raised with strong personal values and should use them at work to resolve ethical conflict."
• C) "A decentralized approach to decision making produces the most ethical corporate culture."
• D) "Hiring and promoting good, ethical managers will automatically produce an ethical organization."
• E) "Reducing unethical behavior is a business goal no different from increasing profits."

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Definitions:

Investment Required

The total amount of capital needed to start or expand a business or project, encompassing all necessary expenses.

Annual Cash Inflows

The total amount of money received by a business within one fiscal year from its operations, investments, and financing activities.

Salvage Value

The estimated residual value of an asset at the end of its useful life, considered for depreciation calculations.

Working Capital Investment

Funds used by a company to finance its day-to-day operations, including investments in inventory and accounts receivable.