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:

Nearest 0.01%

Measurement or calculation precision to the hundredth of a percent.

Equivalent Interest Rate

The interest rate that gives the same compounded financial outcome as other rates calculated over different time periods.

Nearest 0.01%

Rounding off a numerical figure to the closest one hundredth of a percent.

Equivalent Interest Rate

A rate that provides the same accumulated interest as would be obtained from several other interest rates over a given time period.