Ethics Are the Fundamental Moral Values and Behavioral Standards That

question 155

True/False

Ethics are the fundamental moral values and behavioral standards that form the foundation for the people of an organization as they make decisions and interact with stakeholders.

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Definitions:

Inputs

Assets like work, supplies, and funds that are utilized in the manufacturing process to produce products and services.

Production Possibility Frontier

A curve depicting the maximum attainable combinations of two or more products that a business can produce with limited resources.

Capital Goods

Long-lasting goods, such as equipment or buildings, used to produce other goods or services.

Consumer Goods

Products and services that are consumed by individuals or households to satisfy their needs or wants.