The Effectiveness of Internal Company Codes of Ethics Is Determined

question 20

True/False

The effectiveness of internal company codes of ethics is determined by the degree of their enforcement by legal authorities.​

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, aiming to standardize regulations across states to facilitate easier commerce.

Contracts

Legal agreements between two or more parties that create mutual obligations enforceable by law.

Information

A written accusation of crime brought by a public prosecuting officer to a court without the intervention of a grand jury.

Voidable Contract

A legally enforceable agreement that may be declared void at the option of one of the parties due to certain defects or circumstances.