America's Business Ethics Can Improve Simply by Requiring Written Contracts

question 152

True/False

America's business ethics can improve simply by requiring written contracts with employees,customers,and owners.This alone will do the job!
Six steps can help improve America's business ethics: (1)top management must adopt and unconditionally support an explicit corporate code of conduct; (2)employees must understand that expectations for ethical behavior begin at the top and that senior management expects all employees to act accordingly; (3)managers and others must be trained to consider the ethical implications of all business decisions; (4)an ethics office must be set up; (5)outsiders must be told about the ethics program; (6)the ethics code must be enforced.Written contracts alone will not improve America's business ethics.

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Definitions:

Range

The difference between the highest and lowest values in a set of numbers, indicating the spread or dispersion.

Grade Equivalent

A statistical measure used in educational testing to compare a student's performance with the average performance of students at a particular grade level.

Normal Curve

A symmetrical, bell-shaped curve that represents the distribution of many types of data where most scores are near the average.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values from the mean.