How Can a Company Communicate Ethical Standards

question 71

Multiple Choice

How can a company communicate ethical standards?

• A) by disseminating a one-time memo
• B) by repeatedly communicating the code in memos and company newsletters
• C) by conducting one-to-one meetings with the manager and the employee
• D) by letting employees conduct themselves in ways they think appropriate and correcting them, if need be

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Definitions:

Income Taxes

Taxes imposed by the government on the income generated by individuals, businesses, and other entities.

Tax Court

A federal court that hears and adjudicates tax-related disputes and issues between taxpayers and the Internal Revenue Service.

Tax Assessment

Tax assessment is the process of determining the value of a property, or the income of an individual or business, for the purpose of levying taxes.

Simplified Tax Formula

A streamlined calculation to determine taxable income by subtracting allowable deductions and exemptions from gross income.