Ethical Principles as They Apply to Business Conduct and Business

question 34

Multiple Choice

Ethical principles as they apply to business conduct and business decisions

• A) deal chiefly with a company's standards about what is right and wrong insofar as the conduct of its business is concerned and about what behaviors are expected of company personnel.
• B) deal chiefly with the behaviors that a company's board of directors expects of all company personnel in both their conduct on the job and their conduct off the job.
• C) involve the rules a company's top management and board of directors make about "what is right" and "what is wrong."
• D) are not materially different from ethical principles in general.
• E) are generally less stringent than the ethical principles for society at large because it is well understood that businesses should not be expected to operate any differently from what the law requires of them.

---

Definitions:

Variance

A measure of the dispersion of a set of data points around their mean, indicating how spread out the data points are.

Sample Size

The number of observations or individuals in a subset of a population used for statistical analysis.

Random Sample

A subset of individuals chosen from a larger set, where each individual has an equal chance of being selected.

Five Number Summary

A descriptive statistic that provides information about a dataset through its minimum, first quartile, median, third quartile, and maximum.