Business Policy and Strategy 1. If you owned a small business, would you develop a code of business conduct? If yes, what variables would you include? If not, how would you ensure that your employees were following ethical business standards?Your response should be 150 words in length. Must cite one reference in APA format. 2. Why should firms formulate and implement strategies from an environmental perspective?Your response should be 150 words in length. Must cite one reference in APA format. 3. How can firms ensure that their code of business ethics is read, understood, believed, remembered, and acted on rather than ignored?Your response should be 150 words in length. Must cite one reference in APA format. 4. Discuss bribery. Would actions, such as politicians adding earmarks in legislation or pharmaceutical salespersons giving away drugs to physicians, constitute bribery? Identify three business activities that would constitute bribery and three actions that would not.Your response should be 150 words in length. Must cite one reference in APA format. 5. What do you feel is the relationship between personal ethics and business ethics? Are they or should they be the same?Your response should be 200 words in length. Must cite one reference in APA format.