What Is an Ethics Code? What Methods Do Firms Use

question 52

Essay

What is an ethics code? What methods do firms use to monitor employees and ensure their compliance with ethics codes?

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Definitions:

Accounts Payable

The amounts owed by a company to its suppliers or creditors for goods or services received but not yet paid for.

Cash Inflows

Money received by a business from various sources, including sales, investments, financing, etc.

Sales to Customers

The revenue generated from selling goods or services to consumers.

Wage Expense

The total cost incurred by a company for employee services, including salaries, wages, bonuses, and other compensation.