Specific Changes Reported by CEOs in a Survey by the Business

question 3

Multiple Choice

Specific changes reported by CEOs in a survey by the Business Roundtable Institute for Corporate Ethics included all of the following EXCEPT

• A)enhanced internal reporting and communications.
• B)ethics hotlines.
• C)improved compliance procedures.
• D)decreased number of whistleblowers.
• E)greater oversight by the board of directors.

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Definitions:

Administrative Expense

Expenses incurred by a business that are not directly tied to a specific function such as manufacturing, production, or sales. These can include salaries of executive personnel, accounting fees, and HR services.

Budgeted Fixed Selling

Budgeted fixed selling refers to the predetermined set of expenses associated with selling a product that do not change with sales volume.

Estimated Cost

A forecast or approximation of the expenses associated with a project, product, or service.

Goods Sold

The total number of products or services that a company sells during a specific period.