Which of the Following Statements Is True of Ethics Officers

question 14

Multiple Choice

Which of the following statements is true of ethics officers?

• A)They must be hired from outside the organization.
• B)Their chief responsibility is to compare the code of ethics of different companies.
• C)Their role is never developed as a separate department in an organization.
• D)They monitor the ethical performance of the organization both internally and externally.

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Definitions:

Worthless

Pertaining to an asset that has lost all monetary value.

Short-term Loss

A monetary deficit incurred from the sale or trade of an asset owned for less than a year.

Surtax

An additional tax levied on top of the base tax rate for specific purposes or income brackets.

MAGI

Modified Adjusted Gross Income is a measure used by the IRS to determine eligibility for certain tax benefits, adjusting the gross income by adding back certain deductions.