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What is the most basic reason why business should be managed ethically?

Business ethics enhances the law by outlining acceptable behaviors beyond government control. Corporations establish business ethics to promote integrity among their employees and gain trust from key stakeholders, such as investors and consumers.

What is a reason why a code of ethics is important quizlet?

An organizational code of ethics would help a firm establish a guide to acceptable and ethical behavior for employees to follow. It shows the company's commitment to ethical behavior and sets a standard for all employees in the firm.

Which of the following is a reason why a code of ethics is important?

A code of ethics is important because it clearly lays out the rules for behavior and provides the groundwork for a preemptive warning. While a code of ethics is often not required, many firms and organizations choose to adopt one, which helps to identify and characterize a business to stakeholders.

What is ethical behavior in business quizlet?

What is ethical behaviour? - Sets standards for good or bad (right or wrong) with respects to someone's behaviour.