The Coordinated Efforts of a Company to Prevent Its Managers

question 80

Multiple Choice

The coordinated efforts of a company to prevent its managers from breaking the law and to act ethically are called:

• A) ethics programs.
• B) reciprocity.
• C) theory of amorality.
• D) moral muteness.

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Definitions:

Joint Operation

A joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement.

Accounting Entry

A record in a company's financial accounts that documents a business transaction, affecting at least two accounts.

Inventories

Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.