Which Statement Most Closely Represents the True State of Managerial

question 125

Multiple Choice

Which statement most closely represents the true state of managerial ethics?

• A) There has been little reporting on managerial ethics by the press.
• B) Younger managers are more ethical than older managers.
• C) Managers from foreign companies are less ethical than those from the U.S.
• D) Managers are more ethical today than in the past.

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Definitions:

Good Faith

The honest intention to act without taking an unfair advantage over another party, often referenced in contracts and negotiations to ensure fair dealings.

Commercial Standards

Established practices or criteria within a business sector that are widely accepted and used to maintain quality and consistency.

Negotiable Warehouse Receipt

A document issued by warehouse keepers that promises delivery of goods stored in the warehouse to the holder of the receipt, which can be transferred by endorsement.

Bailee

The person to whom a bailment is made.