For an Ethics and Compliance Program to Properly Function

question 25

Multiple Choice

For an ethics and compliance program to properly function,

• A)consistent enforcement and disciplinary action are essential.
• B)employees must be monitored using any means necessary.
• C)it is not necessary to set measurable program objectives.
• D)the same program should be used in all countries of operation, regardless of cultural differences.
• E)the company must wait until after misconduct occurs to develop a means of preventing it.

---

Definitions:

Effective Rate

The actual interest rate an individual earns or pays on an investment or loan, taking into account the effect of compounding.

Semi-annually Compounded

This refers to the process of applying interest to a principal balance twice a year, effectively increasing the amount of interest earned or paid over time.

Rate of Return

The profit or deficit incurred on an investment during a certain timeframe, represented as a proportion of the investment's original price.

Maturity Date

The date on which the principal and accrued interest on an investment or loan are due.