5) A defines the values and principles that should be used to guide an organizat

Question

5) A defines the values and principles that should be used to guide an organization's decisions. A) employee procedure policy B) limited liabi ity agreement C) code of ethics E) statement of corporate opportunity 6) A company insider's disclosure that exposes illegal or unethical behavior by others within the organization is A) insider trading B) illegal C) unethical E) philanthropic 7) All of the following would likely be addressed in a company's Code of Ethics EXCEPT A) ethical conduct C) profitability D) fair dealing E) conflicts of interest 8) Ethical decisions can be categorized as either: A) ethical leaps ethical lapses B) ethical rules/ethical traditions C) ethical lapses/ ethical rules D) ethical dilemmas/ethical lapses E) ethical behaviors/ethical leaps

Explanation / Answer

5) Correct Answer: C

Code of ethics lay down the values, principles and standards that guide the organization's decisions

6) Correct Answer: D

Whistleblowing is the act of telling higher authorities or public at large that the organization a person is working with is engaged in some illegal or unethical practice.

7) Correct Answer: C

Code of ethics do not talk about the profitability of the business, they are actually a set of practices, value and morals that should be applied while working in the organization.

8) Correct Answer: E

Ethical decisions can be categorized as ethical behaviours and ethical leaps

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