Ethical Standards Are Often Considered Difficult to Enforce

question 8

Multiple Choice

Ethical standards are often considered difficult to enforce.Which one of the following is a good approach to ensuring ethics are followed?

• A)Randomly inquiring of certain employees whether they are being ethical or not.
• B)Routinely check to ensure that applicants make truthful statement on their employment applications.
• C)Ensuring the CEO always includes a comment on the newsletter that ethics are important and must be followed.
• D)Ensuring that key employees sign conflict of interest statements.

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Definitions:

Bank Service Charge

Fees charged by a bank for account services, such as account maintenance, transactions, and other banking services.

Outstanding Checks

Checks that have been issued and recorded in the account ledger but have not yet been cashed or cleared by the bank.

Checks Cleared

A term indicating that checks issued have been presented and successfully processed by a bank, deducting the amount from the payer's account.

Checks Written

Refers to checks that a company or individual has written and issued but which have not yet been cashed or cleared through the banking system.