According to a 2013 Survey by the Ethics Resource Center,which

question 2

Multiple Choice

According to a 2013 survey by the Ethics Resource Center,which of the following was cited as a significant positive trend?

• A) The percentage of firms providing ethical training rose to an all-time high of 81%.
• B) Ethics codes are no longer needed.
• C) Discipline for ethical violations is decreasing.
• D) Fewer companies are reporting abusive behavior.
• E) Ethics hotlines for reporting violations are no longer needed.

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Definitions:

Duty of Loyalty

The duty of loyalty is a legal obligation of fiduciaries to act in the best interest of their beneficiaries or principals, avoiding conflicts of interest.

Limited Liability Company

A flexible form of business that combines elements of partnership and corporate structures, providing limited liability protection to its owners.

Members Requirement

Regulations or conditions that must be met for an individual to become or remain a member of a group or organization.

Non-Member Manager

A manager in a limited liability company (LLC) who is not an owner or member of the LLC.