In the Context of Business Ethics, Which of the Following

question 41

Multiple Choice

In the context of business ethics, which of the following statements regarding ethics codes is true?

• A) The Sarbanes-Oxley Act requires all private companies to disclose their financial statements.
• B) The statements provided by public companies regarding their code of ethics, as required by the Sarbanes-Oxley Act, are often just for show.
• C) Ethical codes focus exclusively on employee conduct and avoid subjects such as the environment, technology, and political activity.
• D) The code of ethics is drawn up by the organizations' administrative department.
• E) Executives pay most attention to their company's code of ethics when their senior managers instruct them to do so.

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Definitions:

Equilibrium Level

The equilibrium level is the point at which market supply equals market demand, resulting in a stable market condition where there is no inherent tendency for change.

Median Earnings

The middle value of earnings in a given distribution, where half of the population earns less and the other half earns more.

Education

The systematic process of facilitating learning and acquiring knowledge, skills, values, beliefs, and habits through methods like teaching, training, storytelling, discussion, and directed research.

Marginal Productivity

The increase in output that results from a one-unit increase in an input, holding all other inputs constant.