What is defined as a set of professional standards governing conduct in various practices?

• A. Code of Conduct
• B. Code of Ethics
• C. Statutory Guidelines
• D. Professional Norms

Answer: (B)

The term "Code of Ethics" refers to a formal set of standards that outlines the principles and values that guide the behavior of individuals in a profession. It serves as a framework for ethical decision-making and establishes expectations for professional conduct. This code often encompasses issues such as integrity, fairness, confidentiality, and accountability, providing guidance for professionals on how to act in different situations.

In the context of professions, a Code of Ethics is critical because it helps maintain public trust and ensures that practitioners adhere to a consistent standard of behavior. It emphasizes the importance of ethical practices in fostering a positive image of the profession and protecting the interests of clients and the broader community.

Other options, while related, do not embody the same formal and comprehensive aspect associated with a Code of Ethics. For example, a "Code of Conduct" typically refers to rules and guidelines that dictate specific behaviors expected within an organization but may not encompass the broader ethical considerations. "Statutory Guidelines" generally relate to legal obligations prescribed by law, while "Professional Norms" refer to unwritten rules based on shared beliefs within a profession, lacking the formalized aspect seen in a Code of Ethics. Thus, the Code of Ethics stands out as a crucial document in establishing professional standards and guiding conduct