As Described in the Text, the Web-Based Training System WeComply

question 11

Multiple Choice

As described in the text, the web-based training system WeComply offers users a scenario in which an employee witnesses an ethics offense, to which the system suggests the answer is "Report the incident to a third party." Which of the following best characterizes the text's problem with this suggestion?

• A) It does not specify who the third party reported to should be, which could lead to misunderstandings.
• B) It is presented as the only option, but the real situation might be more nuanced.
• C) It offers no timeline for how quickly the incident should be reported.
• D) The text suggests that the incident should not be reported at all.

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Definitions:

Drawee

The party in a transaction who is directed to pay a certain amount of money, often seen in the context of a check or draft.

Internal Control

Processes and procedures implemented by an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Limitations

Restrictions or constraints that limit the scope, effectiveness, or action of something.

Cash Payments Journal

A financial journal used in accounting to record all cash payments made by a business, including expenses, purchases, and debt repayments.