Which of the Following Should Be Done for Constructing an Effective

question 3

Multiple Choice

Which of the following should be done for constructing an effective ethics code?

• A)Keep it complex,formal,and rigid so that employees realize how serious it is.
• B)Make it as catchy and clever as possible.
• C)Involve only the legal department and top executives in writing the statement.
• D)Let the employees construct the ethics code according to their personal ideologies.
• E)Focus on real-life situations that employees can relate to.

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Definitions:

Microeconomic Risks

Risks associated with the effects of market mechanisms on supply and demand, influencing individual decisions in small-scale economies.

Dominant Strategy

In game theory, a strategy that is best for a player regardless of the strategies chosen by other players.

Reward/Risk Ratio

A metric used to compare the potential returns of an investment to its potential losses.

Expected Return

The anticipated return on an investment, based on historical data or probabilistic estimates of future performance.