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:

Future Outflow

Projected cash payments or disbursements that a business expects to incur as a result of current operations or future activities.

Resources

Resources are materials, energy, services, staff, or other assets that are utilized to produce goods and services, effectively supporting business operations.

External Users

Individuals or entities outside a company, such as investors, creditors, regulators, and customers, who use the company's financial information to make decisions.