Which of the Following Statements Is True of Organizational Ethics

question 13

Multiple Choice

Which of the following statements is true of organizational ethics?

• A)Employees are much more likely to act unethically when a credo exists.
• B)Employees are more likely to act unethically when the company's top managers consistently endorse the ethical principles in its corporate credo.
• C)Top managers play the least important role in determining a company's ethics.
• D)The individual ethics of a company's founders and top managers are especially important in shaping the organization's code of ethics.
• E)They are standards that govern how members of a profession, trade, or craft should conduct themselves when performing work-related activities.

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Definitions:

Mainstream Economics

A body of economic thought and theory that is widely accepted and practiced by economists and policy makers, characterized by a focus on markets, efficiency, and equilibrium.

Paid

Receiving money or compensation in exchange for work or services rendered.

Bilateral Authority

The power or governance shared by two parties, typically in the context of decision-making processes or agreements.

Managerial Authority

The power vested in managers to make decisions and direct subordinates in the organization to achieve company objectives.