Exam 4: Codes of Ethics and Codes of Conduct

Ali started an accounting firm a year ago and has just hired his tenth employee. He decides the business needs a code of ethics. How should he begin the process of creating one?

What are the two broad core ethical ideals of the Caux Principles for Responsible Business?

When all the elements of a strategic plan are integrated, it should produce a(n) ______.

Why does the code of ethics of many large companies fail to have significance or impact?

During the "code review" step in creating a code of ethics, the draft code should go to which of the following (among others) for review?

Which of the following should be integrated into an organization's strategic planning?

You are a member of upper management who is leading an orientation for new hires, and during your first meeting you intend to focus on business ethics. In what way should you start your meeting with the new employees?

Which of the following is TRUE of a typical code of ethics?

Which of the following questions is best asked of employees during the step "gather a list of ethical behaviors from participants" in the process of making a code of ethics?

Which of the following is TRUE with respect to employees and ethical culture in organizations?

The word "integrity" is synonymous with which of the four core values common to all three Abrahamic religions of the world?

Karen has decided to develop a code of ethics for her law firm by starting with the text of the code of ethics of a highly respected law firm of roughly the same size that operates in her state. What is the biggest problem with this action?

You are the founder and president of a small business that has just reached 10 employees, and you are preparing a code of ethics for the first time. If you have decided to create the code using a team-building process, describe what steps you should take.

How would an organization's vision statement sync with its code of ethics?

What is a particular benefit of using the "Code of Ethics Toolkit" created by the Ethics & Compliance Initiative?

According to the 1991 Federal Sentencing Guidelines, what happens to a company that has implemented an effective code of ethics compared to one that does not?

An employee sends a racist joke to a coworker via their company email account. A manager discovers this, and the employee is fired. The employee sues the company for violation of privacy for monitoring his email. What will a judge most likely rule?

An employee with strong moral character and behavior has worked at a small company for many years. The company grows large enough to implement a formal code of ethics. How is this employee likely to react to that new code?

How has the adoption of codes of ethics by businesses changed over time?

After many years of successful operation, a financial services firm uncovers a specific fraud in which employees were accepting personal gifts from clients for preferred treatment. Which of the following is most likely going to need revision as a result?