A company's value statement and code of ethics
A)help to mold the culture and communicate what kinds of actions and behaviors are expected of all company personnel.
B)help prevent it from coming across to customers and the general public as greedy.
C)serve the valuable purpose of making its suppliers hesitant to engage in business practices that are unethical.
D)are the most important factors determining its reputation with customers, suppliers, employees, shareholders, and society at large.
E)should always be made a prominent and visible part of the company's strategic intent and strategy.

Question

Quizplus · Accepted Answer

A company's value statement and code of ethics provide guidance on what actions and behaviors are expected of all company personnel, which helps to mold the culture of the company. It ensures that all employees understand what is expected of them, which can prevent unethical behavior and promote a positive reputation for the company.

A Company's Value Statement and Code of Ethics