A Code of Ethics Was Important for Two Reasons

question 20

Multiple Choice

A code of ethics was important for two reasons.The first reason is that it clarifies company expectations of employee conduct in various situations, and the second reason is

• A)to reduce the burden on the judicial system.
• B)that it makes clear that the company expects its people to recognize the ethical dimensions in decision and actions.
• C)to promote a high level of societal norms.
• D)that it encourages individuals to strive for good citizenship and corporations to contribute positively to society.
• E)that it minimizes the possibility of mandatory regulations.

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Definitions:

Organizational Foundation

The basic principles, values, and structure upon which an organization is built and operates.

Visionary Organization

An entity that leads with foresight and innovation, anticipating future trends and preparing for changes ahead of its competitors.

Organizational Strategies

Broad-based plans or approaches adopted by a business or organization to achieve its long-term goals and objectives.

Organizational Tactics

Specific actions or strategies that an organization employs to achieve its objectives and navigate its business environment.