Johnson & Johnson has a corporate ethics code that states "We believe our first responsibility is to the doctors, nurses and patients, to mothers and fathers and all others who use our products and services."

What is the most likely purpose of Johnson & Johnson's ethics code?
A) establishing disciplinary procedures
B) providing incentives for employees
C) clarifying expectations for employees
D) marketing to potential new customers

Answer: C

Business

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Define the concept of a "product system."

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A(n) ________ is a clause that can be included in the articles of incorporation that stipulates the activities that the corporation can engage in. The corporation can engage in no other purposes or activities

A) ultra vires clause B) dissolution clause C) general purpose clause D) limited purpose clause

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