Which of the Following Is NOT a Mechanism for Monitoring

question 20

Multiple Choice

Which of the following is NOT a mechanism for monitoring a code of ethics?

• A)Ethics audit or internal audit procedures
• B)Reviews by legal department
• C)Awards and bonuses
• D)Annual sign-off by employees
• E)Employee surveys

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Definitions:

Private Consumption

The total value of all goods and services consumed by individuals and households for personal use.

Pareto Efficient

A resource distribution condition where no reallocation can improve one person's situation without detrimentally affecting another person's situation.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use does not reduce its availability to others.

Private Good

A product or service that is consumable and excludable, meaning its use can be restricted to paying customers.