Over the last five decades, codes of ethics:
A)have matured from performance-measurement documents into cosmetic public relations documents.
B)have been adopted by a decreasing number of corporations because employees and managers no longer need guidance.
C)have been adopted by an increasing number of organizations who share them with all their stakeholders.
D)have relieved chief executive officers from the control mechanisms used by boards of directors.

Question

Quizplus · Accepted Answer

Over the last five decades, codes of ethics have been adopted by an increasing number of organizations who share them with all their stakeholders. This is because there has been a growing awareness of the importance of ethical behavior in business, and companies recognize that having a code of ethics can help build trust with stakeholders and make it clear what is expected of employees and managers. Therefore, option C is the best choice. Option A is incorrect because codes of ethics are more than cosmetic public relations documents. Option B is incorrect because the adoption of codes of ethics is increasing rather than decreasing. Option D is incorrect because codes of ethics do not relieve chief executive officers from the control mechanisms used by boards of directors.

Over the Last Five Decades, Codes of Ethics