Ethical behavior at work is learned by: A) tracking the failures of those who ar

Question

Ethical behavior at work is learned by: A) tracking the failures of those who are caught in business scandals. B) observing the actions of others. C) attending corporate responsibility seminars. D) reading about why others were fired from the job. 38) A(n)- -based ethics code emphasizes the prevention of unlawful behavior b increasing control and penalizing wrongdoers. A) compliance C) corporate responsibility D) legal 39) Which of the following terms describes someone who reports illegal or unethical behavior? A) whistleblower C) integrity watchdog B) watch tower sentine D) horn blower 40) Granting a foreign company the right to manufacture your product or to use your trademark in return for a fee is called: A) licensing. C) outsourcing. B) joint venture. D) foreign subsidiary. 41) The is the most common form of business ownership. A) partnership Q) joint venture B) sole proprietorship D) corporation 42) One of the major disadvantages of a sole proprietorship is the A) high cost of starting or ending the company B) unlimited liability the owner has for the debts of the firm. C) fact that any income earned by this type of business is taxed twice D) possibility of disagreements between owners. 43) Unlimited liability means: A) you are liable for whatever advertising promises your firm makes. B) when you own your own business you are responsible for all the busines C) as a franchisee your franchisor is responsible for the debts of the franchise D) you are only liable for the money you invest in the business. 44) A partner (owner) who invests money in a business does nos take an active rol managing the operation, and is only subject to losing the funds he/she invested A) corporate partner. C) limited partner B) partial partner D) implied partner.

Explanation / Answer

37. The correct answer is option B.

Ethical behavior refers to the attitude, perception, belief, etc of an individual that make them behave in right way. It is very important for the organization to create a culture that supports ethical conduct and decision-making. Ethical behavior is very important in today's world especially in business. Ethical behavior helps in creating positive environment by passing ethical belief or culture from one person to other or from one generation to another.

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