A Code of Ethics Is a Statement Adopted by a Company

question 4

True/False

A code of ethics is a statement adopted by a company to guide employees to act appropriately.

---

Definitions:

Customers Served

The number of customers who receive services or goods from a business or organization.

Activity Variance

Deviation between planned and actual activity levels, often analyzed in the context of budgeting or performance measurement.

Budgeting

The process of creating a plan to spend your money, outlining an estimate of income and expenditures for a set period of time.

Planning Budget

A financial plan that estimates the income and expenditures for a future period, typically structured around a specific project or business operation.