The rules and regulations that govern the conduct of business are referred to as a. the code of ethics. Ob.business law. Oc. social responsibility. O d. jurisdiction. Oe. arbitration. QUESTION 17 A description of how a particular society distributes its resources to produce goods and services is called O a. an economic system. Ob. a business. Oc. capitalism. Od.a stakeholder. Oe. socialism.