Which of the following statements is true of codes of ethics?
A)Fewer small businesses adopt a formal code of ethics now than they did in the past.
B)The codes are structured to empower employees to make effective decisions confidently.
C)The codes prescribe appropriate courses of action for every business situation in detail.
D)Fewer international organizations adopt a formal code of ethics now than they did in the past.

Question

Quizplus · Accepted Answer

Codes of ethics are designed to provide guidance to individuals when they face ethical dilemmas. They are not prescriptive and do not provide detailed guidance for every business situation. However, they do empower employees to make effective decisions confidently by providing a framework for ethical decision-making. While it is difficult to determine overall trends in the adoption of codes of ethics by small businesses and international organizations, it is important to note that codes of ethics are becoming more common and are considered an important part of corporate social responsibility.

Which of the Following Statements Is True of Codes of Ethics