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:

Defined Benefit Program

A retirement plan where employee benefits are calculated based on a formula considering factors like salary history and duration of employment.

Income Level

The amount of monetary compensation received by an individual or household from various sources, often used as an indicator of economic status or standard of living.

Company's Profit

The financial gain made by a business after subtracting all expenses, taxes, and costs from total revenue.

Defined Benefit Plan

A type of pension plan where the benefits that the employee will receive upon retirement are predefined, usually based on factors like salary and years of service.