A Code of Ethics Is a Mechanism Which Works to Establish

question 74

Multiple Choice

A code of ethics is a mechanism which works to establish a strong organizational culture by ________.

• A) forcing employees to act in a certain manner
• B) reducing ambiguities in how employees should act
• C) providing a strong message to the public about the company
• D) both A and C
• E) both B and C

Understand the use and importance of market research in small businesses.

Discuss the value of diversity in business contexts.

Understand the expansion and characteristics of a child's social world during middle childhood.

Recognize the psychological development stages and their impact on child behavior and self-concept.

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Definitions:

Property Rights

Legal rights to possess, use, and dispose of assets, including land, buildings, and intellectual property.

Marginal Cost

The financial increase due to the production of an extra product or service unit.

Artificially Scarce Good

A product or service whose availability is restricted through patents, copyrights, or other legal means, rather than by the limits of physical scarcity.

Pigouvian Tax

A tax imposed on activities that generate negative externalities, intended to correct an inefficient market outcome by internalizing the external costs.