Which of the following statements is true of an organization's code of ethics?
A) The code of ethics cannot be created from scratch.
B) The audience for a code of ethics includes only the shareholders of an organization.
C) There is no perfect model for a code of ethics.
D) The audience for a code of ethics does not include investors,customers,and suppliers of an organization.

Question

Quizplus · Accepted Answer

There is no single or perfect model for a code of ethics. The contents and structure of a code of ethics can vary depending on the organization's values, culture, industry, and stakeholders. Therefore, an organization's code of ethics should be customized and regularly updated to reflect the changing needs and expectations of its stakeholders. The other options are incorrect because a code of ethics can be created from scratch (A), its audience includes investors, customers, and suppliers (D), and not just shareholders (B), who are only one of the many stakeholders.

Which of the Following Statements Is True of an Organization's