Phyllis Works for a Corporation That Recently Fired Three Top

question 106

Multiple Choice

Phyllis works for a corporation that recently fired three top managers who were caught using the company credit cards to lavishly furnish their offices and even purchase "office" furniture that was found in their personal homes. Which method of maintaining an ethical culture is Phyllis's company pursuing?

• A) serving as a visible role model
• B) communicating ethical expectations
• C) providing ethical training
• D) visibly punishing unethical acts
• E) providing protective mechanisms

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Definitions:

Federal Reserve Act

A law enacted in 1913 that established the Federal Reserve System, which is the central banking system of the United States, designed to provide the country with a safer, more flexible, and more stable monetary and financial system.

Central Banking System

The institution that manages a country's currency supply, monetary policy, and financial institutions, usually aiming to ensure economic stability.

Progressive Reforms

Initiatives and policies aimed at addressing social injustice, corruption, and economic inequality in the early 20th century United States.