A Company's Stated Core Values and Ethical Principles

question 49

Multiple Choice

A company's stated core values and ethical principles

• A) are important because of their role in ensuring that company executives will not engage in unethical behavior or behave in a manner that is contrary to the company's core values.
• B) are typically tightly linked to its strategic vision and strategy.
• C) are the best indicators of a company's social responsibility strategy.
• D) help create a work climate where company personnel share common and strongly-held convictions about how the company's business is to be conducted and signal employees that they are expected to display the core values in their actions and behaviors and uphold the company's ethical standards.
• E) are strictly enforced in strong culture companies and weakly enforced in weak culture companies.

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Definitions:

Circumstances

The conditions or facts affecting a situation or event, often outside of one's control.

Effective

Producing the intended or desired result in an efficient and successful manner.

Objectives

Specific, measurable, achievable, relevant, and time-bound goals set by an organization or individual to guide actions and measure performance.

Money

A medium of exchange in the form of coins and banknotes; used to facilitate transactions for goods and services.