A(n) ________ Is a Formal Written Set of Ethical Standards

question 63

Multiple Choice

A(n) ________ is a formal written set of ethical standards guiding an organization's actions.

• A) moral compass
• B) business plan
• C) dilemma document
• D) ethical plan
• E) code of ethics

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Definitions:

Organizational Environment

The external forces, conditions, and entities that affect the operation and strategies of an organization.

Business Activities

The various actions, operations, and pursuits that a company engages in to achieve its business objectives and generate revenue.

Facilitation Payment

A type of bribe made to expedite or secure the performance of a routine or necessary action to which the payer is legally entitled.

Utilitarian

A philosophy which suggests that actions are right if they are beneficial for the majority, emphasizing the greatest happiness for the greatest number.