What is a code of ethics? How does the Sarbanes-Oxley Act of 2002 ...

[genevieve1028]

What is a code of ethics? How does the Sarbanes-Oxley Act of 2002 relate to ethics?
 
  What will be an ideal response?

Question 2

You are working a part-time job at an ice cream restaurant while attending college. This job provides you with an opportunity to observe your coworkers, Bert and Ernie.
 
  Bert does not necessarily enjoy the work, but he appreciates that the job allows him to meet women and increase his opportunity for dates. Ernie always seems to be making a game out of the work, trying to see how many customers he can serve in an hour without making a mistake, how many tables he can clean in five minutes, or if he can learn how to make a new ice cream treat. These games are what makes Ernie enjoy this particular job, although he also admits he needs to work to earn the money to stay in school. Explain the job values you see demonstrated by Bert and Ernie, being sure to define the organizational behavior terms you use in your explanation.
  What will be an ideal response?

[ndhahbi]

Answer to Question 1

A code of ethics is the set of formal rules and standards, based on ethical values and beliefs about what is right and wrong, that employees can use to make appropriate decisions when the interests of other individuals or groups are at stake. The Sarbanes-Oxley Act of 2002 has dramatically increased the reporting and accountability obligations of public companies and requires independence on the part of a company's audit committees. Moreover, the act requires that an organization must enact a code of ethics and mandates strict adherence to it. The act also requires that organizations have ethics programs in place.

Answer to Question 2

Work values are a worker's individual convictions about what outcomes one should expect to obtain from work and how one should behave at work. Bert is apparently motivated by extrinsic work values. Extrinsic work values are work values related to the consequences of work. Bert works because of the social contacts provided by the job. Other extrinsic work values include working to earn money, to enjoy a job's status in an organization, or to enable the worker to do nonwork activities such as pursue a hobby or spend time with family.

Ernie's games are signs of intrinsic work values. Intrinsic work values are work values that are related to the nature of the work itself. Ernie's desires to be challenged and to learn new things allow him to use all of his skills and to provide opportunity for personal growth. Ernie's admission that part of the reason he works is because of the money, an extrinsic work value, demonstrates that workers can have both intrinsic and extrinsic work values.