For a code of ethics to encourage ethical decision making and behavior in a company, _____.
A) it must be communicated only inside the company
B) it should revolve around legal factors and not organizational goals and mission
C) the management must ensure that the code does not include customers' and shareholders' interests
D) the management must develop practical ethical standards and procedures specific to the company's line of business

Question

Quizplus · Accepted Answer

A code of ethics should be developed based on practical ethical standards and procedures that are specific to the company's industry or line of business. It should also take into account the interests of customers and shareholders, and should reflect the organization's goals and mission. The code of ethics should be communicated both inside and outside the company, to ensure that all stakeholders understand its importance and the organization's commitment to ethical behavior.

For a Code of Ethics to Encourage Ethical Decision Making