The question is asking which statement is NOT true regarding ethics in organizations. Here are the statements broken down:

a. In recent years, ethics has become a major issue in U.S. organizations.
This is true. Ethics has indeed become a major issue in U.S. organizations in recent years.

b. Organizations such as Wells Fargo have lost business following exposure of unethical business practices.
This is also true. Wells Fargo, for example, has faced significant backlash and loss of business due to unethical business practices.

c. Sarbanes-Oxley Act established procedures for reporting corporate finances.
This is true. The Sarbanes-Oxley Act was established to protect investors from the possibility of fraudulent accounting activities by corporations. It mandated strict reforms to improve financial disclosures from corporations and prevent accounting fraud.

d. Codes of ethics are increasingly popular in U.S. organizations.
This is true. Many U.S. organizations have established codes of ethics to guide their operations and decision-making processes.

e. A mission statement details an organization’s primary values and the ethical rules it expects managers and employees to follow.
This statement is NOT true. While a mission statement does detail an organization's purpose and primary objectives, it does not typically include the ethical rules it expects managers and employees to follow. Those are usually found in a separate code of ethics or similar document.

So, the answer is e. A mission statement details an organization’s primary values and the ethical rules it expects managers and employees to follow.

Question

The question is asking which statement is NOT true regarding ethics in organizations. Here are the statements broken down:

a. In recent years, ethics has become a major issue in U.S. organizations.
This is true. Ethics has indeed become a major issue in U.S. organizations in recent years.

b. Organizations such as Wells Fargo have lost business following exposure of unethical business practices.
This is also true. Wells Fargo, for example, has faced significant backlash and loss of business due to unethical business practices.

c. Sarbanes-Oxley Act established procedures for reporting corporate finances.
This is true. The Sarbanes-Oxley Act was established to protect investors from the possibility of fraudulent accounting activities by corporations. It mandated strict reforms to improve financial disclosures from corporations and prevent accounting fraud.

d. Codes of ethics are increasingly popular in U.S. organizations.
This is true. Many U.S. organizations have established codes of ethics to guide their operations and decision-making processes.

e. A mission statement details an organization’s primary values and the ethical rules it expects managers and employees to follow.
This statement is NOT true. While a mission statement does detail an organization's purpose and primary objectives, it does not typically include the ethical rules it expects managers and employees to follow. Those are usually found in a separate code of ethics or similar document.

So, the answer is e. A mission statement details an organization’s primary values and the ethical rules it expects managers and employees to follow.

Knowee AI · Accepted Answer

The question is asking which statement is NOT true regarding ethics in organizations. Here are the statements broken down:

a. In recent years, ethics has become a major issue in U.S. organizations.
This is true. Ethics has indeed become a major issue in U.S. organizations in recent years.

b. Organizations such as Wells Fargo have lost business following exposure of unethical business practices.
This is also true. Wells Fargo, for example, has faced significant backlash and loss of business due to unethical business practices.

c. Sarbanes-Oxley Act established procedures for reporting corporate finances.
This is true. The Sarbanes-Oxley Act was established to protect investors from the possibility of fraudulent accounting activities by corporations. It mandated strict reforms to improve financial disclosures from corporations and prevent accounting fraud.

d. Codes of ethics are increasingly popular in U.S. organizations.
This is true. Many U.S. organizations have established codes of ethics to guide their operations and decision-making processes.

e. A mission statement details an organization’s primary values and the ethical rules it expects managers and employees to follow.
This statement is NOT true. While a mission statement does detail an organization's purpose and primary objectives, it does not typically include the ethical rules it expects managers and employees to follow. Those are usually found in a separate code of ethics or similar document.

So, the answer is e. A mission statement details an organization’s primary values and the ethical rules it expects managers and employees to follow.

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