A code of ethics establishes the rules that organization lives by and becomes part of the...
Question:
A code of ethics establishes the rules that organization lives by and becomes part of the organization's corporate culture. Indicate whether this statement is true or false.
Code of ethics:
An organization's code of ethics outlines what beliefs it has and what behaviors the employees should follow to achieve its vision and missions. A Code of ethics is required for a sound work environment on the employees' and employers' parts. They are essential to promote ethical behavior in the organization.
Answer and Explanation:
Become a Study.com member to unlock this answer! Create your account
View this answerThe statement is TRUE.
A code of ethics is like a guide of standards to ensure employees conduct business with honesty. The ethics code outlines the...
See full answer below.
Ask a question
Our experts can answer your tough homework and study questions.
Ask a question Ask a questionSearch Answers
Learn more about this topic:
Get access to this video and our entire Q&A library
Code of Ethics: Compliance-based and Integrity-based
from
Chapter 2 / Lesson 2
65K
Learn about codes of ethics. Read a code of ethics definition, understand what integrity-based and compliance-based codes of ethics are, and see an example.
Related to this Question
- A code of ethics is a written statement of the standards of behavior and ethical principles a company expects from its employees. Indicate whether the statement is true or false.
- If a company has a written code of ethics and provides clear instructions to employees, two-way communication is unimportant in maintaining ethical standards. a. True b. False
- Business ethics consist of the fundamental moral values and behavioral standards that form the foundation for the people of an organization as they make decisions and interact with stakeholders. Indicate whether the statement is true or false.
- Indicate whether the statement is true or false. A well-written code of ethics ensures ethical business behaviour.
- In order for a firm to become highly ethical, it mainly needs corporate credos and codes of conduct. a. True b. False
- Indicate whether the following statement is true or false: Organizational ethics pertain to the moral values, beliefs, and rules that establish the appropriate way for an organization and its members to deal with people both within and without the organiz
- The Organization for Economic Co-Operation and Development developed a global code of ethics. Indicate whether the statement is true or false.
- Indicate whether the following statement is true or false: Ethical values are not an integral part of an organization's culture.
- If a firm follows a strict code of conduct, then ethical abuses will never occur. True or false
- Indicate whether the following statement is true or false: Because personal ethics influence how a person will act in an organization, the culture of an organization is strongly affected by the people who are in a position to establish its ethical values.
- A company ethical code usually specifies how far employees can go before an unethical act is classified as being illegal. Indicate whether the statement is true or false.
- True or false? A written code of ethics is worthless if it does not reflect living principles.
- The difference between ethical and discretionary responsibilities is that few people expect an organization to fulfill ethical responsibilities. Indicate whether the statement is true or false
- True or false? A code of ethics is almost always an informal understanding between people who work for a particular organization.
- The policies and procedures concerning ethical behavior in an organization serve as specific guidelines for people as they make daily decisions. a. True b. False
- In a well-run company, ethics should be considered a "program" rather than a way of doing business. Indicate whether the statement is true or false.
- Indicate whether the following statement is true or false: The ultimate source of organizational culture is the people who make up the organization.
- An ethical dilemma is a situation that involves doing something that is beneficial to oneself or the organization, but may be unethical. Indicate whether the statement is true or false.
- Descriptive ethics evolved with scholars in philosophy debating how people ought to act using various codes and principles. Indicate whether this statement is true or false.
- Organizational culture is the characteristic values, traditions, and behaviors a company's employees share. Indicate whether this statement is true or false.
- Although companies set standards for ethical behavior, the ultimate decision on whether to abide by ethical principles rests with the individual. a. True b. False
- Indicate whether the following statement is true or false: The ethics of an organization exist separate and apart from the ethics of the country or society in which it operates.
- Indicate whether the statement is true or false. Employees are unlikely to conform to a corporate code of ethics unless other actions taken by the organization reinforce the code.
- An ethical environment, or culture, would be one in which employees are expected to act by the rules in spite of unethical conditions. a. True b. False
- A firm must first determine its mission before impacting the culture through a code of conduct. a. True b. False
- Employees may be discharged for refusing to violate a professional code of ethics. Indicate whether this statement is true or false.
- Explain whether the following statement is true or false. Business ethics can be defined as the collective values of a business organization that can be used to evaluate whether the behavior of the collective members of the organization are considered acc
- According to a study by the Institute of Business Ethics, companies that do not display ethical conduct consistently outperform companies that show a clear commitment to ethical conduct. Indicate whether the statement is true or false
- Culture refers to the norms and beliefs that lead to decision-making patterns and actions in an organization. Indicate whether the statement is true or false
- True or false? Most codes of ethics offer guidance on how to treat stakeholders.
- Indicate whether the following statement is true or false: Many organizations have created the role of ethics officer, a person to whom employees can report ethical lapses on the part of the organization's managers or turn to for advice when faced with et
- Indicate whether this statement is true or false. Most of the 500 largest corporations in the U.S. now have a code of ethics.
- Indicate whether the statement is true or false. A clear code of business ethics is a key ingredient in the establishment of an ethics culture.
- Employee guidelines is another name for a code of ethics. A. True B. False
- Indicate whether the statement is true or false. Business ethics pertains to situations in which individuals are in an organizational position and act as agents of the company and its owners.
- True or false? Organizational culture has no effect on ethical decision-making.
- Indicate whether the following statement is true or false: A company's code of ethics is a cure for all of its ethical dilemmas.
- While an organization's culture builds a sense of identity for employees, it has little effect on their commitment to the organization's mission or purpose. Indicate whether the statement is true or false.
- Indicate whether the following statement is true or false: Organizational culture is the set of shared values, beliefs, and norms that influence the way employees think, feel, and behave towards each other and towards people outside of the organization.
- A firm's code of ethics outlines its mission, vision, appraisal system, and hiring policies. Indicate whether this statement is true or false.
- Managers get more confident when the firm has a code of ethics. A. True B. False
- Corporate social responsibility is generally considered to be the ethics of a business. A) true B) false
- Ethics are the fundamental moral values and behavioral standards that form the foundation for the people of an organization as they make decisions and interact with stakeholders. a. True b. False
- True or false? A code of ethics provides a published statement of moral expectations.
- The organization's internal context refers to patterns of employee behavior. Indicate whether the statement is true or false.
- True or false? Most businesses follow their industry's code of ethics.
- A firm's competitive position can improve when the firm has a code of ethics. A. True B. False
- Explain whether the following statement is true or false. Cultural norms and values seldom guide ethical behavior in business.
- Culture is the social glue that holds the organization together by providing appropriate standards for what employees should say and do. Indicate whether the statement is true or false.
- A corporate credo is another name for a code of ethics. A. True B. False
- A firm's ethics code outlines its mission, vision, appraisal system, and hiring policies. Indicate whether this statement is true or false.
- Reliance on the personal integrity of employees is mostly sufficient to ensure ethical conduct, and employees should be allowed to operate in an ethics vacuum. Indicate whether the statement is true or false
- It is difficult for wide-scale fraud to occur in an organization that supports an ethical culture. Indicate whether the statement is true or false.
- Compliance with the law sets the minimum standard for ethical behavior in business. Indicate whether this statement is true or false.
- Espoused values for an organization are the values that the organization actually lives by. Indicate whether the statement is true or false.
- "The single most important thing the founders of an entrepreneurial venture can do to avoid ethical misconduct is to establish a strong ethical culture for their firms." Indicate whether the statement is true or false.
- Organizational culture conveys the key values of the organization. Indicate whether the statement is true or false.
- Social responsibility refers to actions an organization takes that are legally required to protect or enhance the well-being of living things. Indicate whether the statement is true or false
- It is important that any ethical code is enforced fairly and consistently. a. True b. False
- The shared aspect of culture implies that all employees in an organization agree with the organization's values and beliefs. Indicate whether the statement is true or false.
- An ethical dilemma facing many employee s is whether or not to engage in behavior that is unethical, yet helps the company. Indicate whether the statement is true or false.
- Organizational structure does not affect employee behavior. True False
- Organizational culture shapes and reinforces certain employee attitudes and behaviors by creating a system of control over employees. Indicate whether this statement is true or false.
- CEOs and business owners should delegate the responsibility for ensuring that high ethical principles are espoused and practiced in an organization. Indicate whether the statement is true or false.
- The key element in organizational culture is that it gives meaning to the organization that different employees can share. Indicate whether the statement is true or false.
- Indicate whether the statement is true or false. Managerial ethics begin at the top of the organization.
- Jargon is actually beneficial in maintaining an organization's culture. Indicate whether the statement is true or false
- True or false? Business ethics can be defined as the application of ethical principles and standards to the actions and decisions of business organizations and the conduct of their personnel.
- Ethics, corporate social responsibility, and corporate sustainability are everyone's business, including HR professionals. Indicate whether this statement is true or false.
- Organizational structure refers to the formal manner in which employees are subdivided into units and divisions as a way of focusing their effort on the required tasks of the company. Indicate whether the statement is true or false.
- Explain whether the following statement is true or false. Culture is derived from the organization and the management.
- Indicate whether the statement is true or false. Business ethics can be defined as principles of conduct within organizations that guide decision making and behavior.
- The Corporate and Auditing Accountability, Responsibility and Transparency Act requires SEC reporting banks and bank holding companies to have a code of ethics. Indicate whether this statement is true or false.
- Explain whether the following statement is true or false. The shared values and beliefs of employees within any given organization is called a corporate culture.
- Collective rule-based ethics is based on the philosophy of Kant's ethics. a. True b. False
- Employees who raise ethical concerns or issues to others inside or outside the organization are called social activists. Indicate whether the statement is true or false.
- While an organization's culture can exert a powerful influence on the behavior of all employees, it can seldom affect a company's ability to shift its strategic direction. Indicate whether the statement is true or false
- The cultivation of habits,including the cultivation of ethical virtue,is greatly shaped by the culture in which one lives. a. True b. False
- Making it difficult for staff to have continuous access to the code of ethics is a poor practice in order to make codes of conduct more effective. a. True b. False
- Like human personalities, organizational cultures do not change, just the mechanical behavior of people changes, but not their values, beliefs, attitudes, or norms. Indicate whether the statement is true or false.
- True or false? Most codes of ethics prohibit bribes unless it is the accepted way of doing business in a foreign country.
- Explaining the organization's mission and operations, the job routine and the organization's work rules and benefits should be an integral part of employee orientation. a. True. b. False.
- Some codes of conduct require managers to either comply with the standards or explain why they have not complied. Indicate whether the statement is true or false
- Indicate whether the statement is true or false. Research indicates that when faced with a question of ethics, managers tend to ignore codes of ethics and try to solve their dilemma on their own.
- Answer true or false: Most codes of ethics are specific enough to handle a myriad of diverse issues that can arise in a complex business structure.
- Organizational culture serves to reinforce an individual's self-interest. Indicate whether the statement is true or false.
- Individuals with different backgrounds or at different levels in the organization will tend to describe the organization's culture in similar terms. Indicate whether the statement is true or false.
- When firms do not deal swiftly and fairly with the unethical behavior of employees, ethical employees feel penalized. Indicate whether this statement is true or false.
- True or false? Values determine how organizational members treat coworkers and people outside the organization.
- Integrity can be defined as "a firm adherence to a code of especially moral values". a. True b. False
- All organizations have a culture. Indicate whether the statement is true or false.
- The legal component of corporate social responsibility argues that the law represents society's codification of right and wrong and must, therefore, be followed. Indicate whether this statement is true or false.
- Ethics is not affected by outside influences. Indicate whether the statement is true or false.
- Ethical behavior is concerned with doing things right. Indicate whether the statement is true or false.
- Indicate whether the statement is true or false. A code of ethics is a useful way to promote ethical behavior.
- Indicate whether the statement is true or false. Law refers to formal codes that permit or forbid certain behaviors and may or may not enforce ethics or morality.
- Managers can do a lot to influence employee ethics by carefully cultivating the right norms, leadership, reward systems, and culture. Indicate whether this statement is true or false.
- Explain whether the following statement is true or false. Ethical responsibilities are voluntary obligations a corporation assumes.
- Indicate whether the following statement is true or false: Professional ethics are values that people use to structure their interactions with other people.
- The multiple stakeholder perspectives represent in part an ethical view of the role of business organizations in the community. Indicate whether the statement is true or false.
Explore our homework questions and answers library
Browse
by subject