In the Context of the Business Costs of Ethical Failures

question 114

Multiple Choice

In the context of the business costs of ethical failures, which of the following costs is incurred at Level 3?

• A) employee cynicism cost
• B) administrative and audit cost
• C) cost of remedial education
• D) cost of corrective actions
• E) cost of government oversight

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Definitions:

Raw Material

Basic materials extracted from the environment or produced through agriculture that are used in the manufacture of goods.

Character

A qualitative assessment of a borrower's moral and ethical qualities and the likelihood that they will repay a loan.

Creditworthiness

The assessment of a borrower's ability to repay debt as agreed, often evaluated through credit scores and financial history.

Credit Policy

A set of guidelines a company uses to determine credit terms for its customers, including payment terms and limits.