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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Using the Internet, locate the code of conduct for three different companies.

Required:

CONCEPTUAL CONNECTION Briefly describe each code of conduct. How are they similar? How are they different?

To determine

Identify the code of conduct of three companies and list the similarities and differences found.

Explanation

Ethical Conduct:

Ethical conduct involves indulging into fair practices and making equitable decisions. Ethical conduct requires sacrifice of the self-interest for the betterment of the society.

Points of codes of conduct for companies WW, AL, and TY are listed as follows:

ParticularsWWALTY
Points covered in the code of conduct of the companies.

Conducting things that are right and correct.

Ongoing learning and improvement.

Valuing money.

Grasping opportunities.

Understanding customers and their requirements and keeping them at first place.

Being responsible for society and environment.

Conducting work in fair and ethical manner.

Compliance with laws and regulations.

Emphasizing application of codes, health and safe working conditions at suppliers’ premises.

Sustainable development.

Quality products.

Incorporating innovation.

Honoring laws of various countries.

Conducting fair and transparent business practices...

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