What Will Happen to a Firm Found to Be in Violation

question 40

Multiple Choice

What will happen to a firm found to be in violation if the company had proactively tried to prevent misconduct from occurring?

• A)The government will rule that their actions were insufficient.
• B)Penalties or fines may be reduced.
• C)The firm will be forced to hire an ethics officer.
• D)Regulators will charge the firm with criminal activities.
• E)The firm will incur no punishment.

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Definitions:

Better Business Bureau

A non-profit organization focused on advancing marketplace trust, helping consumers identify trustworthy businesses.

Self-Regulatory Association

An organization created by members of an industry to enforce fair and ethical practices within that industry without direct government intervention.

Better Business Bureau

A nonprofit organization focused on advancing marketplace trust, providing reviews on businesses, and handling consumer complaints.