In the Context of the Business Costs of Ethical Failures

question 117

Multiple Choice

In the context of the business costs of ethical failures, ________ is incurred at Level 3.

• A) employee cynicism cost
• B) administrative and audit cost
• C) cost of remedial education
• D) cost of corrective actions
• E) cost of government oversight

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Definitions:

Benefit Costs

Expenses incurred by organizations due to the provision of employee benefits, such as health insurance, retirement plans, and paid leave.

Organization Knowledge

The collective expertise, skills, information, and processes that exist within an organization, contributing to its ability to achieve objectives.

Training Budget

The allocation of financial resources dedicated to training and development activities within an organization.

Profit-Sharing

A compensation strategy where employees receive a portion of the company's profits in addition to their regular salary, linking their earnings to the company’s performance.