The following statements relate to value based organisations. Choose the correct code for the statements being correct or incorrect.

Statement I: People differ in their choice of values, the enforcement of one group's value on an individual is an ethical issue. Still there is a good deal of commonality in the values that businesses hold.

Statement II : Ethical codes are statements of the norms and beliefs of an organisation which are proposed, discussed and defined by the management of the firm which is then published and distributed.

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UGC NET Paper 2: Management 20th Dec 2018 Shift 2

Answer 1

The correct answer is Both statements I and II are correct.

a shared set of basic principles among all employees that is alive and well. A culture that is shaped by unambiguous norms that serve as a foundation and guiding principles for activity, decision-making, and a feeling of value.
Values are suggested, discussed, and defined by the management in a value-based organisation while taking human involvement and ethical values into account. People's perspectives on the ideals of organisations are therefore very similar, and success may be attained with ease.

Hence the correct answer is Both statements I and II are correct.