Which of the following best describes why firms choose to create codes of ethics?
A)Because most people will not behave ethically without a written set of guidelines.
B)Codes of ethics protect firms against lawsuits that may be filed due to corporate fraud.
C)They allow firms to create a formal set of expectations for employees who may have different sets of personal values.
D)Companies must have a written code of ethics in order to conduct interstate commerce in the U.S.

Question

Quizplus · Accepted Answer

Codes of ethics allow firms to establish a formal set of expectations for employees who may have different sets of personal values. It helps to ensure that all employees operate within a consistent ethical framework and uphold the values and standards of the company. While some companies may be required to have a code of ethics due to regulatory requirements or industry standards, it is generally not a legal requirement for conducting interstate commerce in the U.S.

Which of the Following Best Describes Why Firms Choose to Create