Establishing a formal code of ethics is
A) more common with small businesses than large businesses.
B) unnecessary given the level of government regulation.
C) growing in popularity.
D) mandated by the Corporate and Criminal Fraud Accountability Act.

Question

Quizplus · Accepted Answer

Establishing a formal code of ethics is growing in popularity, as more businesses recognize the importance of ethical behavior and the potential consequences of unethical actions. While the Corporate and Criminal Fraud Accountability Act does require certain actions related to corporate governance and financial reporting, it does not specifically mandate a code of ethics. Additionally, government regulation cannot cover all aspects of ethical behavior, so it is still important for businesses to have their own ethical standards in place.

Establishing a Formal Code of Ethics Is