Scenario C

question 91

Multiple Choice

Scenario C. Two managers at RW Oil, Inc. are discussing the latest e-mail they have received from headquarters. Jimmy Joe's reaction is simply to say: "All this thing needs to say, as far as I'm concerned is if you don't get busted for it, you're innocent. If you do get caught, you pay the price." His friend, Eddie, has a very different idea. His response is: "I believe, however, that every individual should take personal responsibility for their behavior. I would like for our organization to integrate that idea into everything we do here at work." The email they are reading concerns how decisions are evaluated on the basis of right and wrong at their company.
-Jimmy Joe seems to prefer which type of ethics program for the company?

• A)Associate-based
• B)Compliance-based
• C)Integrity-based
• D)Systems-based
• E)Consensus-based

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Definitions:

Non-Affiliates

Entities or individuals that are not directly connected through ownership or control with another entity.

Audit Committee

A subcommittee of a company's board of directors that is responsible for overseeing financial reporting and disclosure.

SEC Regulation

Rules and standards established by the U.S. Securities and Exchange Commission for governing securities and financial markets.

Independent Audit Firm

A third-party organization or entity that performs financial audits on companies or individuals to ensure the accuracy and integrity of financial statements and compliance with applicable standards and regulations.