Question 17 of 20 17 What does a code of ethics refer to the

Question 17 (of 20) 17 What does a code of ethics refer to? the set of values, ideas, and attitudes that is learned and seed among the members of an or O the state and local laws regarding ethical business behavior O a formal statement of ethical principles and rules of conduct O the dress codes, teamwork rules, and permissible sayings of its employees O the fundamental, passionate, and enduring principles that guide an organization\'s conduct over time 21

Solution

Ans 1) (3) Code of Ethics refers to formal statement of ethical principles and rules of conduct.

Code of Ethics is the written document that provides ethical principles of the organization.

Ans 2(1) Business culture affects ethical conduct both in the competitive behavior among sellers and in the exchange relationship between sellers and buyers.

Business culture provides boundaries between competition and unethical behavior.

Ans 3( 2) Unethical Consumer behavior appears to be influenced by (i) a belief that a consumer can get away with the act and it is worth doing and (ii) the rationalization that the act is justified and driven by forces outside the individual -.

A various marketing ethics are done on the suppliers side not buyer side. Unethical behavior is the main reason because of that company suffers potential loss .

Ans 4(4) a study of business executives reported that 63% had witnessed ethically troubling behavior. About 21% of those who reported unethical behavior were presented. This can be the unfortunate outcome when one becomes a white blower.

White blower is a person who reports unethical behavior.