Question
A situation in which two moral principles conflict with one another is known as ______
Read the following passage and answer the next 3 question (Q21-Q23) According to Wallace, "A credo generally describes the highest values to which the company aspires to operate. It contains the `thou shalts.' A code of ethics specifies the ethical rules of operation. It's the `thou shalt nots." In the latter 1980s, The Conference Board, a leading business membership organization, found that 76% of corporations surveyed had codes of ethics. Some business ethicists disagree that codes have any value. Usually they explain that too much focus is put on the codes themselves, and that codes themselves are not influential in managing ethics in the workplace. Many ethicists note that it's the developing and continuing dialogue around the code's values that is most important. If an organization is quite large, e.g., includes several large programs or departments, it may want to develop an overall corporate code of ethics and then a separate code to guide each of its programs or departments. Codes should not be developed out of the Human Resource or Legal departments alone, as is too often done. Codes are insufficient if intended only to ensure that policies are legal. All staff must see the ethics program being driven by top management.
More Alternate Sources of Finance Questions
- What is the purpose of a code of ethics in an organization?
- National Housing Bank ceased to be the regulator of Housing Finance Companies since:
- What is an ethical concern related to corporate governance?
- What is the employer’s contribution in case of Unified Pension Scheme (UPS)?
- A company is thinking whether to buy a new machine or build a new machine itself in the factory. The following information is available about the two proje...
- For the current period, inappropriate capitalization is most likely to:
- A company based in the United States is expecting to receive a payment of 10 million euros in next two months. The company is concerned about the fall in t...
- The Aggregate Demand (AD) curve slopes downward due to various reasons . Identify the correct set of reasons from the following options:
- Which of the following is the sections under Banking Regulation Act Under which restrictions on loans and advances is made?
- The discount rate that makes the present value of expected cash flows from the project equal to the initial cost of the project is called:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt