Podcast
Questions and Answers
Which of the following is a benefit of applying codes of practice to support ESG goals in business decision-making processes?
Which of the following is a benefit of applying codes of practice to support ESG goals in business decision-making processes?
- It reduces the need for ethical sourcing
- It guarantees financial success for the organization
- It increases the risk of corruption
- It ensures compliance with good governance standards (correct)
Why is developing an ethical code of practice important for procurement professionals?
Why is developing an ethical code of practice important for procurement professionals?
- It increases their chances of witnessing unethical practices
- It allows them to bypass ethical considerations
- It helps them make better sourcing decisions (correct)
- It establishes their authority within the organization
What does it indicate when a supplier publishes its code of ethics?
What does it indicate when a supplier publishes its code of ethics?
- Their focus on financial success
- Their lack of concern for ESG goals
- Their commitment to ethical conduct (correct)
- Their intention to engage in corrupt practices
Which level is the code of ethics implemented within a single organization?
Which level is the code of ethics implemented within a single organization?
Which organization provides a comprehensive Code of Conduct for procurement professionals worldwide?
Which organization provides a comprehensive Code of Conduct for procurement professionals worldwide?
What is the purpose of developing and implementing an ethical code of conduct?
What is the purpose of developing and implementing an ethical code of conduct?
What does GlobalTech Inc. do to regain trust and promote ethical conduct?
What does GlobalTech Inc. do to regain trust and promote ethical conduct?
Which of the following is a key reason for evaluating suppliers based on adherence to ESG principles in procurement and supply?
Which of the following is a key reason for evaluating suppliers based on adherence to ESG principles in procurement and supply?
What is the main purpose of an ethical code of practice in a business operation?
What is the main purpose of an ethical code of practice in a business operation?
Why is developing an ethical code of practice important for suppliers?
Why is developing an ethical code of practice important for suppliers?
Which level of ethical code implementation applies to the Responsible Jewellery Council's code of practices?
Which level of ethical code implementation applies to the Responsible Jewellery Council's code of practices?
What is one of the key principles outlined in Google's Code of Conduct?
What is one of the key principles outlined in Google's Code of Conduct?
What is the purpose of implementing ethical codes of conduct at the profession level?
What is the purpose of implementing ethical codes of conduct at the profession level?
What does the commitment to high ethical standards during supplier selection activities help reduce?
What does the commitment to high ethical standards during supplier selection activities help reduce?
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