Explain the Benefits and Risks of Ethics Auditing

question 22

Essay

Explain the benefits and risks of ethics auditing.

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Definitions:

Offshoring

The business practice of sending jobs to other countries.

Labor Costs

The total expenditures incurred by an employer for the compensation of its workforce, including wages, benefits, and other related expenses.

Productivity

The measure of efficiency in which products, goods, or services are created or delivered compared to the input needed to produce them.

Just-In-Time Operations

An approach to manufacturing and inventory management where materials and products are produced or delivered only as needed, minimizing waste and reducing costs.