Which of the Following Is Not a Justice Department Factor

question 52

Multiple Choice

Which of the following is not a Justice Department factor for an effective corporate compliance program that can help a company reduce legal problems and punishment when violations occur:

• A) when offenses occur, steps taken to respond and to prevent further offenses
• B) effective communication of standards and procedures to all employees
• C) consistent enforcement of standards within the organization
• D) high-level persons in the organization have responsibility to oversee compliance
• E) all of the other choices are part of an effective program

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Definitions:

Competitive Strategy

A business plan that companies use to achieve a competitive advantage, typically by defining how they will compete against rivals in areas such as price, quality, and innovation.

Cost Minimization

The process of reducing expenses to the lowest possible level while still achieving the desired level of production or activity.

Profit Maximization

Refers to the process or strategy focused on increasing the net profit of a business by either increasing revenue, reducing costs, or both.

Transportation Strategy

The planning and implementation of effective means to move goods and services from one location to another, aiming to optimize costs, efficiency, and reliability.