ANGELA ETHICAL PRACTICE Flashcards
(229 cards)
What is a Code of Ethics?
A set of principles and guidelines that dictate the ethical standards of a profession or organization.
True or False: A Code of Ethics is optional for all organizations.
False
Fill in the blank: A Code of Ethics helps in maintaining __________ within an organization.
integrity
What is the primary purpose of a Code of Ethics?
To provide a framework for ethical decision-making and behavior.
Multiple Choice: Which of the following is NOT typically included in a Code of Ethics? A) Values B) Policies C) Financial Projections D) Responsibilities
C) Financial Projections
What are the key elements of a Code of Ethics?
Values, principles, standards of conduct, and guidelines for ethical decision-making.
True or False: A Code of Ethics should be static and never updated.
False
Short Answer: Name one benefit of having a Code of Ethics.
Promotes trust and accountability.
Fill in the blank: A Code of Ethics is often used to guide __________ behavior in professional settings.
ethical
Multiple Choice: Who typically develops a Code of Ethics? A) Employees B) Management C) Stakeholders D) All of the above
D) All of the above
What role does a Code of Ethics play in compliance?
It helps ensure that all members adhere to legal and regulatory requirements.
True or False: A Code of Ethics can help in resolving conflicts of interest.
True
Short Answer: What should be done if an employee violates the Code of Ethics?
Implement disciplinary measures as outlined in the Code.
Fill in the blank: A Code of Ethics is essential for building __________ among employees.
trust
Multiple Choice: Which of the following is a common component of a Code of Ethics? A) Confidentiality B) Profit Maximization C) Market Domination D) Short-term Gains
A) Confidentiality
What is the relationship between a Code of Ethics and corporate culture?
A Code of Ethics shapes and reflects the values and norms of the corporate culture.
True or False: A Code of Ethics is only applicable to for-profit organizations.
False
Short Answer: How often should a Code of Ethics be reviewed and updated?
Regularly, to ensure it remains relevant and effective.
Fill in the blank: A well-defined Code of Ethics can enhance an organization’s __________.
reputation
Multiple Choice: Which of the following is a consequence of not having a Code of Ethics? A) Improved employee morale B) Increased legal risks C) Enhanced public trust D) Stronger teamwork
B) Increased legal risks
What should a Code of Ethics address regarding discrimination?
It should prohibit discrimination and promote diversity and inclusion.
True or False: A Code of Ethics only applies to upper management.
False
Short Answer: What is one way to promote adherence to a Code of Ethics?
Provide regular training and education.