In the Context of Bringing the Code of Ethics of a Company

question 54

Multiple Choice

In the context of bringing the code of ethics of a company to life, which of the following statements is true when experts try to advocate a forceful, integrated approach to ethics?

• A) It should be ensured that the company's ethics code is both local and global in scope.
• B) It should be ensured that top managers do not overcommunicate the importance of ethics.
• C) Ethics should be considered a separate unit and not integrated into mandatory staff training.
• D) Managers should enforce strict laws against whistle-blowers.

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Definitions:

Long-term Debt

Borrowings that are due for repayment after more than one year, used to finance a company's operations and growth.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, typically used by businesses to manage liquidity and ensure they can meet their cash requirements.

Short-term Financial Management

The practice of managing a company's financial activities that are expected to be resolved within a year.

Carrying Costs

The expenses incurred by holding inventory, including storage, insurance, and taxes, over a certain period.