A _____ Is an Outline That Explains the Expected Ethical

question 62

Multiple Choice

A _____ is an outline that explains the expected ethical behavior of employees.

• A) Code of Ethics
• B) Mission Statement
• C) Statement of Interest
• D) Statement of regulations
• E) Guiding Principle

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Definitions:

Human Resources

The abilities, skills, and health of human beings that contribute to the production of both current and future output. Investment in training and education can increase the supply of human resources.

Physical Resources

Tangible assets used in the production or delivery of goods and services, such as machinery, buildings, and raw materials.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.

Opportunity Cost

Renouncing the possibility of gains from different alternatives by making a single choice.