Which of the following is the most effective way to encourage ethical business behavior?

Question

Quizplus · Accepted Answer

Establishing and enforcing a code of ethics is the most effective way to encourage ethical business behavior. A code of ethics outlines the values, principles, and practices that guide an organization's conduct, and it serves as a reference point for decision-making. When a code of ethics is well-designed, clearly communicated, and rigorously enforced, it can help to promote a culture of integrity and accountability within the organization. While government regulations, trade association guidelines, labor contracts, and whistleblower policies can all have a role to play in promoting ethical behavior, they are less effective on their own than a strong, well-implemented code of ethics.

Which of the Following Is the Most Effective Way to Encourage