Which of the Following Is NOT an Integral Part of Transforming

question 87

Multiple Choice

Which of the following is NOT an integral part of transforming core values and ethical standards into cultural norms?

• A) Instituting procedures for enforcing ethical standards
• B) Immediately dismissing any employee caught violating the company's code of ethics or disregarding core values
• C) Screening out job applicants who do not exhibit compatible character traits
• D) Periodically having ceremonial occasions to recognize individuals and groups who display the values and ethical principles
• E) Having senior executives frequently reiterate the importance and role of company values and ethical principles at company events and internal communications to employees

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Definitions:

Loss Contingency

A potential financial loss that may occur in the future due to a current event, the outcome of which is uncertain and will be resolved when one or more future events occur or fail to occur.

Provision for Loss

An accounting process to allocate anticipated losses from bad debts, depreciation, or other contingencies.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that are becoming the global standard for the preparation of public company financial statements.

Borrowing Costs

Interest and other costs that an entity incurs in connection with the borrowing of funds.