Code of Ethics vs Code of Conduct

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Questions and Answers

What distinguishes a Code of Ethics from a Code of Conduct?

A Code of Ethics includes rules and guidelines, while a Code of Conduct serves as a moral compass.
A Code of Ethics outlines behavioral expectations, while a Code of Conduct reflects the highest standards of integrity.
A Code of Ethics applies to professionals in a broader context, while a Code of Conduct is specific to an organization. (correct)
A Code of Ethics guides decision-making, while a Code of Conduct establishes the values of an organization.

Which group is considered a primary constituency according to the text?

Employees (correct)
Vendors
Stockholders
Competitors

What does a Code of Conduct primarily focus on?

Customer satisfaction
Internal culture and values (correct)
Legal compliance
Professional development

Why is meeting customer needs and expectations emphasized in the text?

To increase revenue and reputation (D) Signup and view all the answers

How does a Code of Ethics contribute to the professional field?

By guiding decision-making and behavior (D) Signup and view all the answers

Which document provides a framework for ethical conduct?

Code of Ethics (D) Signup and view all the answers

What is the primary goal of shareholders in relation to the company?

Maximizing dividends, stock value, and strategic direction (C) Signup and view all the answers

How do communities in which the organization operates impact the company as stakeholders?

They are affected by the company's activities, such as employment opportunities, environmental impact, and corporate social responsibility initiatives. (A) Signup and view all the answers

Which of the following best describes the role of media as a secondary constituency?

The media plays a critical role in shaping public perception and managing the organization's reputation. (C) Signup and view all the answers

What is the primary role of creditors as a secondary constituency?

Creditors provide financial resources and funding to the organization, and maintaining trust and fulfilling financial obligations is crucial for maintaining access to credit and financial stability. (C) Signup and view all the answers

What is the significance of employees as brand ambassadors for the organization?

Employees' actions, behaviors, and interactions with customers and stakeholders can shape perceptions of the brand, and engaged and motivated employees who align with the organization's values can serve as powerful brand ambassadors. (C) Signup and view all the answers

How do hidden constituencies differ from obvious constituencies in their impact on the organization?

Hidden constituencies may include groups or individuals whose influence may not be immediately apparent but can still impact the organization, such as grassroots organizations, advocacy groups, or online communities. (A) Signup and view all the answers