Question

A company's written policy outlining appropriate and inappropriate actions is called:

a. an ethical audit.

b. corporate culture.

c. a code of ethics.

d. an ethical lapse.

Answer 1

1. An ethical Audit- Analysis of a company how well and poorly integrates to the ethical standards of its industry and society. An ethics audit basically consider the company own preparation, how to readdresses grievances and how to discloses nits finance issues and general cultural surrounding its business culture and dealing. Some companies adopt a code of ethics and regulate periodic ethics audits to see how follow and manage their rules.

2. Corporate culture- corporate culture means to the behaviors and beliefs that determine how an organization employees interact and handle the outside and inside business transactions. Basically, corporate culture is implied not defined and express. A company culture will be reflected in its like setup, dress codes, business hours and benefits for employees and client satisfaction and all type of aspect of operations.

3. A code of ethics- a code of ethics is a book guide of principals to help experts regulate business honestly. A code of ethics may outline the work mission and value of the business or company, how experts are approach problems, basically ethical principals depend upon the organization core values.

4. An ethical lapse- An ethical lapse is a error in judgment that produces a harmful result. A lapse in ethics doesn’t show a complete lack of integrity, it’s just an ethical blind spot. Producing harmful results is not expressed a lapse that just considered unethical, it can be large and small scale.