A _________ is a formal statement of the ethical priorities a business adheres to.

Question

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A Code of Ethics is a formal statement outlining the ethical priorities a company adheres to. It helps define the company's values and expectations, as well as guide employees in making ethical decisions. Cultural relativism refers to the belief that ethical values and practices vary depending on the culture or society that one is in, and is not a formal statement of ethical priorities for a business. Declaration of code, business policy, and strategic plan are not common terms used to describe a business's ethical priorities.

A _________ Is a Formal Statement of the Ethical Priorities