List Three Ways an Organization Will Benefit from the Development

question 77

Essay

List three ways an organization will benefit from the development and use of a code of ethics.

Understand the role of public opinion and social consensus in ethical decision-making.

Identify the influence of external standards and pressures on organizational ethics.

Understand the importance and methods of conducting performance reviews by managers.

Comprehend the concept of sustainable development and its significance for future generations.

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Definitions:

Spending Variance

The difference between the actual amount spent and the budgeted amount, which can be either favorable or unfavorable.

Catering Supplies

Items and ingredients purchased and used in the operation of a catering service, encompassing food, beverages, and non-food items like utensils and napkins.

Spending Variance

The difference between the actual amount spent and the budgeted amount for any category of expenses over a specific period.

Jobs

In accounting and manufacturing, specific units or batches of work that can be individually costed and tracked.