Which of the following statements about codes of conduct is true?
a) All publicly-traded companies have formal codes of conduct.
b) Most large corporations have formal codes of conduct.
c) Codes of conduct are unnecessary for small- and medium-sized companies.
d) Approximately half of large companies have formal codes of conduct.
e) Very few companies have formal codes of conduct, but most have informal codes.
Answer: b) Most large corporations have formal codes of conduct.