A Code of Ethics Is an Important Document for Organizational

question 52

Multiple Choice

A code of ethics is an important document for organizational conduct.In response to the Sarbanes-Oxley Act in the United States,the SEC requires which of the following actions for organizations that have not adopted a code of ethics?

• A)explanation of why it has not done so
• B)disclosure of actions undertaken to prevent and detect fraud
• C)disclosure of all related parties in management and discussion documents
• D)a cost-benefit analysis for immediate implementation of one

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Definitions:

Conceptual Anchors

Theoretical frameworks or ideas that serve as a point of reference or grounding for further exploration, discussion, or understanding.

OB Topics

Stands for Organizational Behavior topics, encompassing the study of how people interact within groups and organizational settings.

External Environment

Factors outside an organization that can affect its performance and strategies, including economic conditions, competition, and regulatory changes.

Open Systems Perspective

is a viewpoint in organizational theory that organizations are entities influenced by, and interacting with, their external environment.