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Suppose Your Company Is Thinking About How It Can Improve

question 76

Multiple Choice

Suppose your company is thinking about how it can improve employee benefits. The company feels its policies will set the standard for how other companies will handle salary and health benefit issues, so it wants to ensure its employees receive the best treatment possible. From this viewpoint, the company is taking the ________ approach to ethics.


Definitions:

Production Efficiency

A state in which goods and services are produced at the lowest possible cost while not wasting any resources.

Unemployment

The situation of being without a job while actively looking for employment.

Capital Stock

The total amount of physical and financial assets owned by a business or country.

Production Process

A sequence of actions, methods, or operations involved in the manufacture or preparation of goods or services.

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