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After taking $45 billion in taxpayer funding to remain afloat, citibank spent $50 million on a new private jet. this action was:__________

Answer :

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This action was: Unethical since taxpayer money was given solely with the intent to keep CitiBank solvent.

Why is an ethics policy important?

A code of ethics is important because it clearly lays out the rules for behavior and provides the groundwork for a preemptive warning. While a code of ethics is often not required, many firms and organizations choose to adopt one, which helps to identify and characterize a business to stakeholders.

What are the five ethical standards?

The five principles, autonomy, justice, beneficence, nonmaleficence, and fidelity are each absolute truths in and of themselves.

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