To ensure that the guidelines for right behavior are followed, a corporation should follow:

Question

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Ethical principles provide a comprehensive framework for right behavior in any situation. By adopting and following ethical principles, a corporation can ensure that its actions and decisions are aligned with the values it wants to uphold. Accounting law, the leaders in their category of business, the corporate culture, and competitive law do not necessarily provide a complete set of guidelines for right behavior and may not be sufficient on their own to prevent unethical actions or decisions.

To Ensure That the Guidelines for Right Behavior Are Followed