Barb Simmons was speaking to Madge Wilcox recently after a management meeting at Liberty Corporation. Barb told Madge that she was really disappointed with the company’s recently revised code of ethics and saw no reason why the company should have such a document. “After all,” she said, “everyone knows what’s right and wrong.” Madge was taken aback by her friend’s comment.

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What should Madge say to Barb?