All of the Following Are Functions of Codes of Ethics

question 64

Short Answer

All of the following are functions of codes of ethics except
they increase public confidence in a firm or its industry.
they ensure that unethical behaviour will not occur in the firm.
they may help stem the tide of government regulation.
they improve internal operations by providing consistent ethical standards.
they help management respond to problems that arise as a result of unethical behaviour.

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Definitions:

Relativistic Thinking

Recognition that judgments are often not absolute but made from a certain belief system or cultural background.

Conventional Thinking

A mode of thought based on accepted norms and standards, often contrasted with creative or critical thinking approaches.

Transitivity

A principle in logic and mathematics stating that if a relation holds between a first and a second element, and also between the second and a third, it must necessarily hold between the first and the third.

Conservation

The act of preserving, protecting, or restoring the natural environment and wildlife.