Which of the following is a characteristic of a code of ethics?

Prepare for the NOCTI General Management Exam. Utilize interactive flashcards and multiple-choice questions with comprehensive hints and explanations. Ace your test!

A code of ethics is fundamentally designed to articulate the principles and values that govern the behavior of individuals within an organization. It serves as a framework for guiding conduct and decision-making processes, ensuring that all members understand the ethical standards expected of them. Such principles can include honesty, integrity, fairness, and respect for others, which help foster a positive organizational culture and uphold the organization's reputation.

In contrast, the other options focus on more specific operational or strategic aspects of a business. For example, rules for product pricing pertain to financial strategies, while a strategic blueprint for market expansion relates to growth plans and marketing strategies. A manual for operational procedures addresses the day-to-day functioning of the business rather than the ethical considerations in decision-making. Thus, the correct response emphasizes the core function of a code of ethics as a guiding set of principles that influence behavior and choices within the organization.

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