Answer the following statements true (T) or false (F)

Question

1. The purpose of a code of ethics is to state an organization's expectations for the behavior of all its external stakeholders.
2. Ethics training can enhance high ethical standards in the workplace, even when a company has of a strong code of ethics.
3. In some cases, the IRS financially rewards whistle-blowers.
4. Corporate social responsibility (CSR) is the notion that corporations are expected to create a positive and enriching environment for employees.

Answer 1

1. False
A code of ethics consists of a formal written set of ethical standards guiding an organization’s actions. The purpose is to clearly state top management’s expectations for all employees.
2. True
Human resources professionals indicate that by clarifying expectations, ethics training may reduce unethical behavior.
3. True
In some cases, whistle-blowers may receive a reward; the IRS, for instance, is authorized to pay tipsters rewards as high as 30% in cases involving large amounts of money.
4. False
Corporate social responsibility (CSR) is the notion that corporations are expected to go above and beyond following the law and making a profit to be a good corporate citizen and benefit interests of society.