Which of the Following Is the Most Effective Way to Encourage

question 79

Multiple Choice

Which of the following is the most effective way to encourage ethical business behavior?

• A) Pass government regulations.
• B) Provide guidelines from trade associations.
• C) Include an ethics clause in a labor contract.
• D) Establish and enforce a corporate code of ethics.
• E) Rely on employees to blow the whistle.

Comprehend the concept and strategic application of alliances in the nonprofit sector as proposed by La Piana Consulting.

Identify the types of cross-sector collaborations and their relevance to addressing community needs.

Differentiate between ad hoc relationships and long-term collaborations.

Understand the intricacies of forming collaborations, including the limitations of contracts in automatically establishing collaborative relationships.

---

Definitions:

Owner's Drawings

Withdrawals of a business's cash or other assets by the owner for personal use.

Expense Accounts

Accounts used to record business expenses, which reduce net income in the profit and loss statement.

Income Summary

An account used in the closing process that summarizes revenues and expenses to determine the net income or loss for a period.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account, recorded on the left-hand side.