Which statement describes a code of ethics?

• A. It lists day-to-day rules.
• B. It guides personal integrity and values.
• C. It prescribes penalties for violations.
• D. It dictates event scheduling.

Answer: (B)

A code of ethics is a framework of beliefs and principles that guide how you act and make decisions, rooted in personal and professional integrity and values. It emphasizes living honestly, fairly, and respectfully, especially in situations where the right choice isn’t obvious. It isn’t simply a list of everyday tasks or a punitive rulebook; it provides aspirational guidance that helps you navigate moral choices. Penalties or enforcement mechanisms may accompany related policies, but the essence of a code of ethics is the commitment to core values that shape behavior. For example, if you face a potential conflict of interest, a code of ethics would guide you to disclose it and act with transparency, rather than just telling you what to do in rigid steps or focusing on punishments.