Question

The ethics code at the company where quincy works sets forth a strict "no tolerance" policy for accepting gifts from suppliers or vendors and outlines the penalties for violating this policy. based on this information, it appears that this policy is a(n)

Answer 1

The company's strict 'no tolerance' gift policy is part of its code of ethics, similar to codes provided by professional organizations like IEEE-CS, to ensure corporate responsibility and ethical behavior.

Step-by-step explanation:

The policy mentioned is an example of a code of ethics, which is common in both business environments and professional organizations. For instance, the Institute of Electrical and Electronic Engineers Computer Society (IEEE-CS) has established a code of ethics for software engineers, highlighting the importance of approving software only after it passes stringent specifications, and safety assessments and does not negatively impact the environment or personal privacy. This strict adherence to ethical practice within a company or organization fosters corporate responsibility and aligns operational activities with broader social and moral norms.

Answer 2

The correct answer would be, It appears that his policy is Compliance Based Ethics Codes.

Step-by-step explanation:

Compliance based ethics codes are basically the ethical standards. These standards emphasize on the use of ethics at every level and prevent unlawful behavior by controlling the unethical behaviors and charging the wrong doers with penalties.

So if a company has such rules where there is a strict restriction on accepting gifts from suppliers or vendors and outlines the penalties for violating the rules, then this company is practicing the Compliance Bases Ethics Codes.