What term refers to a one or two page statement of values?

• A. Mission statement
• B. Guiding principles
• C. Code of ethics
• D. Policy statement

Answer: (C)

A one- or two-page statement of values is best described as a code of ethics because it formalizes the moral principles and standards that guide how members should conduct themselves. It’s a compact reference that translates values into expected behavior, helping individuals navigate ethical decisions and interactions with stakeholders.

A mission statement, by contrast, explains why the organization exists and its overall purpose, not the specific standards of ethical conduct. Guiding principles express underlying beliefs, but they’re often less formal or comprehensive and don’t always function as a stand-alone, enforceable document. A policy statement lays out rules or procedures for actions in particular situations, which is more about compliance than articulating core values.