Question

Which of the following topics would least likely be contained in a company's code of ethics?A. Prohibiting giving or accepting bribes, kickbacks, or gifts.B. Expecting all company personnel to display honesty and integrity in their actions and avoid conflicts of interest.C. Barring dealing with suppliers that employ child labor or engage in other unsavory practices.D. Committing to a no-layoff policy and to adequate funding of employee retirement programs.E. Avoiding use of company assets, resources, and property for personal or other inappropriate purposes.

Answer 1

Answer: The correct answer is D; Committing to a no-layoff policy and to adequate funding of employee retirement programs.

Each company has their own code of ethics and core values statements. A company can not guarantee that no lay offs will occur in the future. It would also be liable for the company to say that the retirement programs would be fail safe. Companies invest retirement money and can lose money just as well as make more money. However, a company can't fully guarantee that something may not happen in the future for the doors to close and they may go bankrupt or be sold to another firm.

If the company faces a bad year or less product demand, they may have to lay off workers. There is not going to be a guarantee that a company can't lay off workers because the future is unknown.