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.

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Definitions:

Additional Costs

Expenses incurred beyond the expected or budgeted amounts, often relating to unexpected events or changes in circumstances.

Nonfinancial Factors

Aspects influencing decision-making in business that are not quantifiable in monetary terms, such as employee satisfaction or environmental impact.

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work, which can significantly impact an organization's success.

Timeliness of Delivery

The measure of how quickly and within the scheduled timeframe goods or services are delivered to the customer.