No Organization Via Its Declared Values and Mission Statements Would

question 6

Multiple Choice

No organization via its declared values and mission statements would explicitly declare it intends to rob, mislead, lie and cover up mistakes. What is whistleblowing and how might it avoid poor organisational practices?

• A) 'Whistleblowing' is a mechanism where scandals ranging from banks manipulating key financial instruments, companies dumping toxic chemicals, hospitals covering up multiple deaths and prisoners being abused may encouraged as the employee alerts the company how to get away with these acts.
• B) 'Whistleblowing', which is a mechanism where the whistle-blower will have tried to report their misgivings to their colleagues and superiors but they will either have been ignored or the issue being examined will not have been resolved and allows the superiors to punish the whistle-blower for annoying their colleagues.
• C) 'Whistleblowing' is a mechanism through which an individual under certain circumstances can raise awareness of poor, bad, or illegal practices to a broader audience to prevent its future enactment.
• D) 'Whistleblowing' is a mechanism where scandals ranging from banks manipulating key financial instruments, companies dumping toxic chemicals, hospitals covering up multiple deaths and prisoners being abused may be encouraged and to alert the company which employee cannot be trusted to keep quiet about such scandalous acts.

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Definitions:

Retained Earnings

Retained earnings represent the cumulative amount of net income retained in the company rather than distributed to shareholders as dividends.

Dividends Payable

A financial accounting term referring to the declared dividends to be paid to a corporation's shareholders out of current or retained earnings.

Legal Capital Approach

A method of accounting that maintains capital at a certain legal minimum to protect creditors.