The Role of an Ethics Officer Is to Enforce the Code

question 10

True/False

The role of an ethics officer is to enforce the code of ethics and provide support to any employees who witness unethical behavior.

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Definitions:

Receivables

Money owed to a company by customers or other parties for products or services already delivered.

Internal Control

A system of policies and procedures implemented by a company to ensure the integrity of financial and accounting information, enhance operational efficiency, and promote adherence to applicable laws and regulations.

Bank Account

An account held by an individual or business with a financial institution, allowing for the deposit and withdrawal of funds.

Physical Custody

The actual possession or direct control of tangible assets, documents, or securities.