Reasons to Adopt an Enterprise Risk Management Plan Include All

question 52

Multiple Choice

Reasons to adopt an enterprise risk management plan include all of the following EXCEPT

• A)to increase earnings volatility.
• B)to treat risks facing the business in a more holistic way.
• C)to increase net income.
• D)to gain an advantage over competitors.

Identify the factors influencing the violation of ethics codes and strategies to mitigate such violations.

Understand the significance of legal measures, like the Economic Espionage Act and Foreign Corrupt Practices Act, in curbing unethical practices in international marketing.

Grasp how corporate culture manifests through employee behavior, ethical expectations, and social responsibility.

Recognize the importance of transparency and the role of organizations like Transparency International in promoting ethical business practices.

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Definitions:

American Opportunity Tax Credit

A credit for qualified education expenses paid for an eligible student for the first four years of higher education, with the potential to receive a partial refund if the credit is more than the taxpayer owes.

Lifetime Learning Credit

A tax credit available in the United States for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution, aiming to promote post-secondary education.

Tax Advantage

Financial benefits and savings provided through exemptions, deductions, and credits that reduce the amount of tax owed.

Earned Income Credit

A refundable tax credit for low to moderate-income working individuals and families, aimed at decreasing the amount of tax owed and potentially returning money to the taxpayer.