Code Of Conduct And Business Ethics Quiz

The given answer "All of the above" is correct because it encompasses all the commitments mentioned in the statement. As part of Eco World's staff, they are committed to safeguarding Setia's brand and reputation, treating everyone with respect and dignity, and exercising due care in representing. This answer includes all the mentioned commitments, making it the correct choice.

A business code of conduct is a set of rules that not only govern legal compliance but also encompass a business's values, beliefs, and ethics. It goes beyond simply following the law and includes guidelines for how employees should behave ethically and uphold the company's principles. This definition acknowledges the comprehensive nature of a code of conduct and highlights its importance in guiding behavior in both legal and ethical aspects of business operations.

Deception is not a form of ethical behavior because it involves intentionally misleading or deceiving others, which goes against the principles of honesty, integrity, and respect for others. Ethical behavior is characterized by fairness, honesty, transparency, and respect for the rights and well-being of others. Competetion, loyalty, and fairness, on the other hand, can all be considered forms of ethical behavior as they involve fair and honest interactions with others.

If an employee solicits and accepts bribes as specified in the Code, the company could take the action of terminating their employment. This is because soliciting and accepting bribes is a serious violation of ethical and legal standards, and it undermines the integrity of the company. By terminating the employee's employment, the company sends a strong message that such behavior will not be tolerated and reinforces its commitment to ethical conduct.

The question asks which of the options is not part of the Ethics Checklist. The options provided are "Is my decision/action driven by responsible professional judgement?", "Does my action comply with the spirit of Eco World Policy and applicable law?", "Would I feel confident that I could explain my decision if it were made public?", and "None of the answers given". The correct answer is "None of the answers given" because all of the other options are part of the Ethics Checklist.

Selecting the supplier who offers the lowest price is not a consideration to be taken when making procurement and purchasing decisions based on the company's best interest. While price is an important factor, it should not be the sole determining factor. Other considerations such as the quality of the products or services, the reliability of the supplier, their track record, and the overall value they provide should also be taken into account. Simply choosing the lowest price without considering these other factors could potentially result in poor quality, unreliable suppliers, and ultimately harm the company's best interest.

Insider trading refers to the use or disclosure of price sensitive information for personal benefits or for the benefits of others. This involves individuals who have access to confidential information about a company, such as employees, using that information to make trades in the stock market. By doing so, they gain an unfair advantage over other investors and can make significant profits. This practice is illegal as it undermines the fairness and integrity of the financial markets.

The given statement emphasizes the commitment to delivering products in a socially and environmentally responsible manner and disposing of site waste properly. This indicates that the topic being covered is "The Environment."

The responsibility of an employee is to comply with the code, make a declaration of compliance to the code, and keep abreast with the latest updates. However, continuously promoting high standards of business conduct and ethics is not specifically mentioned as a responsibility of an employee in the given options.

The correct answer is ii, iii. The given statement about employees being prohibited from receiving any form of payments, gifts, favor, or use of services or entertainment or gratuities given by third parties that may compromise our integrity or affect our business judgement is covered under the topics "Receiving and Giving Business Courtesy" and "Business Dealings With Others" in the Code. These topics address the ethical guidelines and standards for interacting with external parties and maintaining integrity in business relationships.