Alberta General Insurance Level 1 Practice Exam

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What is a Code of Conduct in a corporate setting?

  1. A law passed by the government

  2. A guide for social etiquette at work

  3. A set of operational procedures for machinery

  4. A statement of ethics and values expected from members

The correct answer is: A statement of ethics and values expected from members

A Code of Conduct is a set of principles and guidelines that outlines the expected behavior and standards of conduct for members within a corporate setting. It is not a law passed by the government (A), as it is specific to the company and not mandatory for all citizens. It is not a guide for social etiquette at work (B), as it goes beyond simple manners and includes expectations for ethical behavior and handling of sensitive information. It is also not a set of operational procedures for machinery (C), as it pertains to human behavior rather than mechanical processes. Therefore, option D is the correct answer as it captures the essence of a Code of Conduct in a corporate setting.

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