Which of the Following Statements About Ethics Audits Is False

question 35

Multiple Choice

Which of the following statements about ethics audits is false?

• A)They provide an opportunity to measure conformity to the firm's desired ethical standards.
• B)The terms ethics audits and social audits can be used interchangeably.
• C)They provide an objective method for demonstrating a company's commitment to improving strategic planning, including its compliance with legal and ethical standards and social responsibility.
• D)They can be a component of social audits.
• E)They are systematic evaluations of an organization's ethics program and performance to determine whether it is effective.

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Definitions:

Industry Knowledge

The comprehensive understanding of the trends, dynamics, and key factors within a specific sector or market.

Founding Team

The group of individuals who start a company, responsible for setting the initial vision, building the product or service, and establishing the company's early strategic direction.

Interviewing Candidates

The process of assessing potential employees by asking questions and evaluating their responses to determine if they are a suitable fit for a position or organization.

Social Capital

The mesh of relations among residents and workers in a distinct society, essential for the society's proficient performance.