A code of ethics is valuable to a firm only if the employees believe in the code and the code has a direct impact on their actions within the firm.

Question

Quizplus · Accepted Answer

A code of ethics is meant to guide and influence the behavior of employees within a firm. However, if employees do not believe in the code or do not apply it to their actions, then the code becomes meaningless and ineffective. Therefore, the value of a code of ethics is directly tied to the employees' adherence and belief in its principles.

A Code of Ethics Is Valuable to a Firm Only