What Is a Particular Benefit of Using the "Code of Ethics

question 75

Multiple Choice

What is a particular benefit of using the "Code of Ethics Toolkit" created by the Ethics & Compliance Initiative?

• A) designing a code that will attract ethically strong employees to the business
• B) aligning an organization's code with international standards of business
• C) designing codes that make employees aware of the legal ramifications of their actions
• D) designing codes for different departments that fit well with organization-wide ethics

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Definitions:

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1 where 1 indicates certainty.

Big-8 Accounting Firm

Refers to the top eight accounting firms in the United States that dominated the industry until mergers and scandals reduced the number to the Big Four.

Expected Value

The average outcome of a random event when considering all possible outcomes and their probabilities.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.