Merely Having a Code of Ethics Is Not Sufficient to Ensure

question 9

True/False

Merely having a code of ethics is not sufficient to ensure ethical business behavior.

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Definitions:

Directed Effort

Focused work or activities aimed at achieving a specific goal or objective.

Goal

A specific, measurable, attainable, relevant, and time-bound objective that guides planning and effort in projects or endeavors.

Profit

The financial gain obtained when revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.

Stockholders

Individuals or entities that own shares in a corporation, giving them certain rights regarding the company's management and profits.