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

---

Definitions:

Wholesaler

A person or company that sells goods in large quantities at lower prices, typically to retailers rather than directly to consumers.

Rack Jobbers

Merchandising agents who enter stores to stock and maintain inventory, often in the music or book sectors.

Hosiery

A category of garments worn on the legs and feet, such as socks and tights, often for fashion, comfort, or the needs of work attire.

Health and Beauty

A market sector focused on products and services designed to enhance physical appearance and well-being.