An Ethics Committee Is Evaluating the Decision-Making Process of an Organization.Which

question 65

Multiple Choice

An ethics committee is evaluating the decision-making process of an organization.Which of the following statements does NOT reflect the composition or jurisdiction of such a committee?

• A) Ethics committees always involve outside stakeholders to assure independence in decision making.
• B) Ethics committees act as a signal to all stakeholders that ethics is important to an organization.
• C) Ethics committees monitor behaviour of both employee and management levels.
• D) Most ethics committees today focus on top-management behaviour.
• E) All of the answers reflect the composition of an ethics committee.

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Definitions:

NSF Check

A check that cannot be processed because the drawer's account does not have sufficient funds, standing for "Non-Sufficient Funds."

Monthly Service Charge

A fee charged by a financial institution to maintain an account, often depending on the type of account or the balance maintained.

Bank Reconciliation

The process of comparing and adjusting the balance shown in a company’s bank statement with the amount appearing in the company’s own records.

Days' Cash on Hand

A financial metric that indicates how many days a company can continue to pay its operating expenses using only its available cash, without additional income or financing.