Which of the Following Is the Purpose of a Written

question 4

Multiple Choice

Which of the following is the purpose of a written code of ethics?​

• A)To merely satisfy the requirements of the Sarbanes-Oxley Act
• B)To eliminate the need for top management to monitor ethical behavior, thus giving these managers more time to deal with other issues
• C)To provide guidance to help employees make sound ethical decisions across a range of situations
• D)To explain the rules laid out by regulatory bodies that monitor business firms

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Definitions:

Separately Elected

The process or state of being chosen or elected independently from others or through a separate procedure.

Proprietary Fund Types

Types of funds in governmental accounting used to account for activities similar to those found in the private sector, where the determination of net income is necessary or useful.

Statement of Cash Flows

A financial report that details the inflows and outflows of cash within a company over a specific period.

Governmental Fund Types

Types of funds used by governmental entities to account for their financial resources, including general, special revenue, debt service, capital projects, and permanent funds.