Which of the Following Organizational Activities Should Be Guided by Ethical

question 11

Multiple Choice

Which of the following organizational activities should be guided by ethical standards?

• A) Recruitment practices
• B) Leadership practices
• C) Resource allocation
• D) All of the above

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Definitions:

Indifference Curve

A graph showing different combinations of two goods that give the consumer equal satisfaction and utility.

Marginal Rate

Marginal rate commonly refers to the change in one variable relative to a unit change in another, such as in taxation or interest.

Substitution

The economic principle stating that as prices rise or consumer preferences change, individuals substitute one good or service for another.

Utility Function

A mathematical representation of how different combinations of goods or services generate levels of happiness or satisfaction to the consumer.