In order for a firm to become highly ethical, it mainly needs corporate credos and codes of conduct.
Ethical efficiency is a term used to describe those moral beliefs and values that organizations follow to increase their effectiveness and goodwill.
Answer and Explanation:
The given statement is true.
Corporate credos and proper codes of conduct help firms to function ethically. The reason is given below:
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fromChapter 1 / Lesson 8
Ethical behavior is important in the workplace. Discover how to manage ethical behavior in the workplace, starting with understanding what makes for ethical behavior and establishing a code of behavior with an Ethical Code of Conduct.