Principle-based statements are designed to affect_____ as policy-based statements are procedures to be used in _____.
A)corporate culture; specific ethical situations
B)marketing practices; conflicts of interest
C)observance of laws; proprietary information
D)specific situations; corporate culture
E)political gifts; equal opportunities

Question

Quizplus · Accepted Answer

Principle-based statements are more general and overarching, meant to guide the overall corporate culture and values. Policy-based statements are more specific and practical, meant to provide guidance on how to handle specific ethical situations or conflicts of interest. Therefore, A is the correct choice as it accurately reflects the difference between the two types of statements. The other options are either irrelevant or incorrect.

Principle-Based Statements Are Designed to Affect_____ as Policy-Based Statements Are