The Organization for Economic Cooperation and Development (OECD) Has Developed

question 5

Multiple Choice

The Organization for Economic Cooperation and Development (OECD) has developed:

• A) codes of conduct for companies and host countries in an attempt to set ethical standards for both.
• B) guidelines for interest rates to be charged multinational enterprises.
• C) codes of conduct for employee practices for multinational corporations.
• D) none of the above.

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Definitions:

Money Orders

A financial instrument, purchased for a specific amount of money, that is used for making payments from one party to another.

Internal Control System

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

Reliable Accounting

An accounting approach that emphasizes accuracy, verifiability, and impartiality in financial reporting.

Guarantee

A formal assurance, typically provided by the seller, that certain conditions, such as product quality or performance, will be met.