# A set of principles and expectations that are considered binding on any person who is known as ________.

code of ethics

##### SOLUTION
The code of ethics outlines a set of fundamental principles which could be used as the basis for operational requirements (things one must do), operational prohibitions (things one must not do). It is based on a set of core principles and values and is by no means designed for convenience. The employees subjected to the code are required to understand, internalize, and apply it to situations which the code does not specifically address. Organizations expect that the principles, once communicated and illustrated, will be applied in every case, and that failure to do so may lead to disciplinary action.

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Single Correct Medium Published on 18th 08, 2020
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 197

#### Realted Questions

Q1 Single Correct Medium
________ refers to the code of conduct.
• A. Code of practice
• B. Code of ethics
• D. All of the above

1 Verified Answer | Published on 18th 08, 2020

Q2 Single Correct Medium
Which of the following is feature of business ethics ?
(1) Business ethics has a universal application.
(2) It is a relative norm. It differs from business to business.
(3) Business ethics is based on well accepted moral and social values.
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• A. $(1)$
• B. $(2)$
• C. $(3)$
• D. All of the above.

1 Verified Answer | Published on 18th 08, 2020

Q3 Single Correct Medium
Ethics is a study of ________.
• A. the kind of action a person should do
• B. rules that define the course of actions
• C. discussion of the right and wrong codes of conduct
• D. all of the above

1 Verified Answer | Published on 18th 08, 2020

Q4 Single Correct Medium
______ made it important for businesses to have an ethics code, something in writing about what one ought to do, and what to strive for.
• A. The Ethics & Code Conduct Act, $2000$
• B. The Sarbanes-Ethics of Code Conduct Act, $2001$
• C. The Sarbanes-Oxley Act, $2002$
• D. None of above

1 Verified Answer | Published on 18th 08, 2020

Q5 Single Correct Medium
According to sacredness of means and ends principle of business ethics _________.
• A. for a good end a man should not be treated as a factor of production
• B. it is unethical to do major evil to another or oneself
• C. business should not co-operate with any one for doing any evil acts
• D. a good end cannot be attained with wrong means