Business Ethics WGU- C717, Questions and answers, 100% Accurate. VERIFIED 2024

Why Study Business Ethics? - -to help you do ethics and be ethical What are a company's core values? - -Beliefs and principles that provide the ultimate guide in its decision making In What Year did Congress pass the Sarbanes-Oxley Act - -2002 What is the Sarbanes-Oxley Act - -law to address the wave of corporate and accounting scandals Section 406 of the Sarbanes-Oxley Act - -Code of Ethics for Senior Financial Officers, requires corporations to have a code of ethics applicable to its principal financial officer and comptroller or principal accounting officer, or persons performing similar functions Code of Ethics (of the Sarbanes-Oxley Act) must include 3 standards: - -1. honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships 2. full, fair, accurate, timely, and understandable closure in the periodic reports required to be filled by the issuer; and 3. compliance with applicable governmental rules and regulations Core Values - -beliefs and principles that provide the ultimate guide in its decision making Business Ethics - -1. refers to those values, standards, and principles that operate within business 2. refers to an academic discipline that not only studies those standards, values, and principles, but also seeks to articulate and defend those that ought to or should operate in business