Which of the Following Is True of Unethical Corporate Behavior

question 84

Multiple Choice

Which of the following is true of unethical corporate behavior?

• A) Unethical corporate behavior is the sole responsibility of unethical individuals.
• B) Managers must adhere to firm standards in different cultural contexts rather than decide when relativism is appropriate.
• C) Business ethics are shaped exclusively by laws and by individual development and virtue.
• D) Companies with international activities find it easier to maintain a positive ethical climate.
• E) Unethical corporate behavior reveals a company culture that is ethically lax.

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Definitions:

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan’s balance.

Acquisition Cost

The total cost incurred to acquire an asset, including the purchase price and additional expenses necessary to bring it to its intended use.

Present Value

The present value of a future amount of money or series of cash flows, considering a certain rate of return.

Annuity Due

An annuity for which payments are made at the beginning of each period.