How has the adoption of codes of ethics by businesses changed over time?
A) Survival of the fittest has led fewer businesses to abide by their own codes of ethics.
B) Since the 1960s, vastly more businesses have adopted them to be more in line with public and industry expectations.
C) The rate of adoption by businesses has remained roughly the same since the 1960s.
D) The superficial adoption of codes of ethics has increased, while moral expectations of business has decreased.

Question

Quizplus · Accepted Answer

Since the 1960s, there has been a significant increase in the number of businesses adopting codes of ethics. This trend reflects a growing recognition of the importance of ethical behavior in meeting public and industry expectations, as well as in fostering trust and sustainability in business practices.

How Has the Adoption of Codes of Ethics by Businesses