Why Should a Code of Ethics Be Put into Writing

question 7

Multiple Choice

Why should a code of ethics be put into writing regardless of the size of the business?:

• A) It adds value to the share price
• B) It helps stakeholders know which behaviors are acceptable and which are not
• C) It satisfies the needs of the board
• D) It helps profits

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Definitions:

Customer Benefit Plan

A strategy or offering designed to provide additional value to customers, encouraging loyalty and repeat business.

Customer Profile

A detailed description of a business's ideal customer based on demographic, psychographic, and behavioral characteristics.

Purchasing Policies

The guidelines and procedures set by a company to govern its acquisition of goods and services.

Customer Profile

A detailed description of a business's typical or ideal customer, including demographic, psychographic, and behavior characteristics.