A Well-Written Code of Ethics

question 41

Multiple Choice

A well-written code of ethics:

• A) states policies for behavior in specific situations.
• B) distinguishes between punishments for violations of ethics for different managerial levels.
• C) establishes a detailed guide to acceptable behavior exclusively for external stakeholders.
• D) documents rewards for selected top management employees on fulfillment of ethical policies.

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Definitions:

Organizational Strategies

Organizational Strategies are plans and actions implemented by a company to achieve its long-term goals and objectives, often including growth, efficiency, and competitiveness.

HR Strategies

Comprehensive plans developed by an organization's human resource department to align HR policies and practices with the objectives of the company.

Competitive Intelligence

The gathering and analysis of information about competitors for strategic purposes.

Environmental Scanning

The process of systematically collecting information about external influences and trends to identify opportunities and threats for strategic planning.