Name the four benefits of ethics codes.
What will be an ideal response?
First, a code describes an organization’s ethical stance both to members and to the
outside world. Newcomers, in particular, look to the code for guidance about an
organization’s ethical standards and values. They learn about potential ethical problems
they may face in carrying out their duties. Second, a formal ethics statement can improve
the group’s image while protecting it from lawsuits and further regulation. In the case of
wrongdoing, an organization can point to the code as evidence that the unethical behavior
is limited to a few individuals and not the policy of the company as a whole. Third, referring
to a code can encourage followers and leaders to resist unethical group and organizational
pressures. Fourth, a written document can have a direct, positive influence on ethical
behavior. Students who sign honor codes, for example, are significantly less likely to
plagiarize and cheat on tests.
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Which of the following refers to a person who is highly devoted to the action plan and can lead its successful implementation?
A) an entrepreneur B) a champion C) an intrapreneur D) a scapegoat E) an in-process manager
The 20 percent of U.S. households that have the highest incomes have more discretionary spending than other market segments.
Answer the following statement true (T) or false (F)
Because large multinationals generate an average of nearly half of their revenues within their home region, some researchers have suggested that a regional strategy perspective is more appropriate than a global perspective.
Answer the following statement true (T) or false (F)
Noncash investing and financing activities may be disclosed in:
A. The financing activities section of the statement of cash flows. B. The investing activities section of the statement of cash flows. C. A note in the financial statements or a schedule attached to the statement of cash flows. D. The reconciliation of cash balance section. E. The operating activities section of the statement of cash flows.