Which of the following is the purpose of a written code of ethics?
A)To merely satisfy the requirements of the Sarbanes-Oxley Act
B)To eliminate the need for top management to monitor ethical behavior, thus giving these managers more time to deal with other issues
C)To provide guidance to help employees make sound ethical decisions across a range of situations
D)To explain the rules laid out by regulatory bodies that monitor business firms

Question

Which of the following is the purpose of a written code of ethics?​
A)To merely satisfy the requirements of the Sarbanes-Oxley Act
B)To eliminate the need for top management to monitor ethical behavior, thus giving these managers more time to deal with other issues
C)To provide guidance to help employees make sound ethical decisions across a range of situations
D)To explain the rules laid out by regulatory bodies that monitor business firms

Quizplus · Accepted Answer

The purpose of a written code of ethics is to provide guidance to help employees make sound ethical decisions across a range of situations. It is not just to satisfy legal requirements or eliminate the need for management to monitor ethical behavior. The code of ethics is also not just an explanation of regulatory rules.

Which of the Following Is the Purpose of a Written