What is the difference between codes of ethics and codes of conduct?

Multiple Choice

Codes of ethics are general guidelines to promote ethical decision making, while codes of conduct are specific rules stating what actions are

prohibited in the workplace.

Codes of ethics are specific rules stating what actions are prohibited in the workplace, while codes of conduct are general guidelines to promote

ethical decision making.

Codes of ethics apply exclusively to moral dilemmas, while codes of conduct apply exclusively to legal dilemmas.

Codes of ethics apply exclusively to legal dilemmas, while codes of conduct apply exclusively to moral dilemmas.

Managers who adopt the style proposed by Adam Smith's "invisible

hand" theory are likely to believe that

Multiple Choice

corporations must have a moral conscience, just

like individuals

the best way to develop an ethical business

culture is by adhering to legal regulations

deliberate selfishness in corporate decision$-$

making promotes the common good

organizations must strive to be as ethical as

possible, while remaining profitable