An Organization Is Meeting Its Ethical Responsibility When It

question 180

Multiple Choice

An organization is meeting its ethical responsibility when it

• A) is in compliance with the law and requirements of various external regulations.
• B) voluntarily moves beyond basic economic, legal, and ethical expectations to provide leadership in advancing social well-being.
• C) earns a profit through provision of goods and services desired by customers.
• D) voluntarily conforms to legal expectations as well as broader values and moral expectations of society.
• E) anticipates socially responsible behaviour.

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Definitions:

FOB Shipping Point

A term used in shipping that indicates that the buyer is responsible for the cost and risk of transport as soon as the goods are loaded onto the shipping vehicle.

Freight Costs

Expenses associated with transporting goods from one place to another, which could include shipping, trucking, and other logistical expenses.

Operating Expense

Expenses incurred through normal business operations, such as rent, utilities, and payroll, exclusive of cost of goods sold.

Refund Liability

An obligation recorded by a business to return funds to a customer for returned or unsatisfactory goods or services.