Simply Having a Code of Ethics

question 49

Multiple Choice

Simply having a code of ethics

• A) will ensure ethical business behavior.
• B) eliminates the need for periodic ethics workshops.
• C) is all that is necessary to sensitize people to workplace circumstances in which ethics issues may arise.
• D) is insufficient to guarantee that employees behave in an ethical manner.
• E) secures an ethics culture in the workplace.

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Definitions:

Adjusted

Modified or changed to reflect more accurate or specific conditions or values.

Income Statement Columns

The part of the income statement that provides a detailed breakdown of revenue, expenses, and profit over a specific period, often presented in a multi-column format.

Balance Sheet Columns

Balance sheet columns refer to the structured format in financial reporting that outlines a company's assets, liabilities, and shareholders' equity at a specific point in time.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenue.