When enough people feel that a particular ethical standard is important, it eventually becomes law
Indicate whether the statement is true or false
TRUE
Explanation: One example of this establishment of a set of laws in response to public sentiment is the Consumer Bill of Rights. The public felt that certain ethical standards needed to be protected by law and so, in 1962, the Consumer Bill of Rights was passed protecting the right to safety, the right to choose, the right to information, and the right to be heard.
You might also like to view...
Responsibility and accountability ______.
a. rarely occur in the same follower b. are mutually exclusive c. go hand in hand d. can occur together in leaders but not in followers
What does a cooperative have in common with an employee stock purchase plan?
a. It requires being vested to qualify. b. One must be an employee to participate. c. It is only available to senior employees/members. d. It is voluntary.
Firms recognize expenditures to acquire intangibles externally from third parties as _____ if the intangibles are either separable or arise from contractual or other legal rights
a. assets b. liabilities c. retained earnings d. revenue e. expenses
Which of the following is specified by the research design?
a. The research questions to be answered b. The management decision problem to be solved c. How the final research report will be written d. How the information obtained will be used