What Is Likely the Single MOST Effective Step That a Company

question 16

Multiple Choice

What is likely the single MOST effective step that a company can take to set ethical standards?

• A) Offer large cash awards for whistle-blowing.
• B) Suggest that employees take ethics training.
• C) Post ethical rules on bulletin boards.
• D) State that the workplace values diversity.
• E) Demonstrate support from top management.

---

Definitions:

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or entity, providing an overview of a financial situation over a specific period.

Physical Existence

The actual, tangible presence of an asset, as opposed to intangible assets or rights.

External Audit

An independent examination of financial records and statements, conducted by an outside firm, to ensure accuracy and compliance with accounting standards.

Financial Statements

Official documentation detailing the monetary transactions and financial standing of a company, person, or different organization.