A Formal Statement of Ethical Principles and Rules of Conduct

question 27

Multiple Choice

A formal statement of ethical principles and rules of conduct is referred to as a(n)

• A)ethical mission.
• B)moral code.
• C)core value pronouncement.
• D)code of conduct.
• E)code of ethics.

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Definitions:

Minimum Standards

Regulations or guidelines that establish the lowest acceptable limits or requirements for a specific action, performance, product or outcome.

Stakeholders

Individuals or groups that have an interest, concern, or stake in a project, company, or decision, affecting or being affected by the outcome.

Employees

Individuals hired by a business or organization to perform work in exchange for compensation.

Social Responsibility

The idea that entities, whether individuals or organizations, are obligated to act for the benefit of society at large.