TRUE/FALSE 23. If something is not illegal, it must be ethical 24. An ethical dilemma arises in a situation when values are in conflict 25. In the individualism approach, the right of free speech must be considered 26. The great majority of managers operate at level two, the conventional level 27. A well written code of ethics is sufficient to ensure ethical behavior in an organization 28. Economic responsibility defines what society deems as important with respect to appropriate corporate behavior.