Managers Who Want to Improve Ethical Behavior Should Take Actions

question 63

Multiple Choice

Managers who want to improve ethical behavior should take actions such as

• A) communicate the code of ethics in training programs.
• B) emphasize the code of ethics in performance appraisal systems.
• C) follow a code of ethical behavior themselves.
• D) communicate the code of ethics in policies and procedures.
• E) all of the above

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Definitions:

Prepaid Insurance

An asset account that represents insurance paid in advance for coverage extending over a future period, which has not yet expired.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in the net profit or loss for that period.

Insurance Expense

The cost incurred by an entity to obtain insurance coverage, recognized as an expense over the period the insurance protection is provided.

Retained Earnings

The portion of net income not distributed as dividends but retained by the company to reinvest in its core business or to pay debt.