What Is a Way a Company Can Ensure That There

question 35

Multiple Choice

What is a way a company can ensure that there is no ethical ambiguity around the issue of gifts and bribery from their vendors?

• A)require salespeople to deal with purchasing agents,not individual employees
• B)prohibit employees from accepting anything,no matter how small,from a salesperson
• C)exclude employees who have not been cleared by an ethics committee from contacting salespeople
• D)forbid sales managers from contacting purchasing agents
• E)examine the corporate code of ethics

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Definitions:

Negotiation

The process of discussing something with others to reach a mutual agreement.

FTC

stands for the Federal Trade Commission, a U.S. government agency tasked with consumer protection and the enforcement of antitrust laws to promote competition.

Holder in Due Course

A party that has acquired a negotiable instrument in good faith and for value, and thus has certain rights to enforce the instrument free from many defenses.

Bankruptcy Protection

A legal status that provides a person or entity temporary relief from creditors and lawsuits while reorganizing or discharging debts under the bankruptcy code.