An Important Step in Improving U

question 123

True/False

An important step in improving U.S.business ethics is for companies to hire whistleblowers.
Whistleblowers report illegal or unethical behavior.They are not purposefully hired by firms.However,legislation now protects employees who act as whistleblowers from corporate retaliation in the event that the company is convicted of illegal or harmful activity.

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Definitions:

Responsibility Accounting

A financial recording system that accumulates, consolidates, and presents finance-related data pertaining to the obligations of specific managers or units.

Responsibility Centres

Segments within an organization for which individual managers are accountable, focusing on financial performance and operational efficiency.

Participative Budgeting

A budgeting process where workers at all levels are involved in setting budget goals and objectives, fostering collaboration and buy-in.

Top Management

The highest level of managerial staff responsible for setting strategic goals and leading an organization.