Final answer:
A set of rules and principles guiding the professional conduct within a group and governing relationships is known as a Code of Ethics. It helps maintain professionalism and addresses issues from safety standards to social responsibility within various organizations.
Step-by-step explanation:
A code of ethics is a set of rules and principles that dictate a standard of accepted conduct within a professional group, governing the relationships among its members and their actions within the organization. These codes are crucial for maintaining professionalism and integrity within various fields. For instance, the Institute of Electrical and Electronic Engineers Computer Society (IEEE-CS) has a Software Engineering Code of Ethics which emphasizes ethical obligations for software engineers, including approving software only if it adheres to safety, privacy, and environmental standards. Beyond corporations, professional organizations, including those for nurses and teachers, require members to study and adhere to such codes.
In the broader field of business, a code of ethics outlines permissible actions for an organization and its employees, addressing issues like bribery, discrimination, and whistleblowing. It also provides guidelines for accomplishing environmental and social goals and for maintaining trust within the community. This is not to be confused with the other options presented, such as a Bill of Sale, Warranty Deed, or Title Insurance, which are legal documents related to the sale and ownership of property.