FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Cecelia, a human resources manager, is working on an ethics policy for the company she works for. You advise her that ________ is the best support for ethical behaviour in an organization.
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- In the world of professional industries, when conducting operational activities, top management have to be careful and well-conceived consideration is required so that it can be delivered in accordance with applicable rules and codes of ethics, as well as the manner in which the activities carried out are in line with the vision and goals of the company. To achieve the company's objectives faster and continually improve company performance, top management must be able to develop a routcome-based management strategy by obtaining detailed information and insights to support the decision-making process. For the purpose of drafting a conceptual framework in the form of organizational strategy, the leader hopes to help minimize risks that are detrimental to the company's activities, which in this case certainly requires the assistance of various parties, especially internal auditors that will help stakeholders by ensuring how the internal monitoring and control processes have been working…arrow_forwardInitiating disciplinary matters, implementing motivational strategies and providing on-the-job training are all responsibilities of a human resource manager. Question 8 options: True Falsearrow_forwardEthics Codes help companies to keep a standardized way to take decisions else the decision can be biased. Unethical behaviors can damage the reputation of the company. Also if companies do not take strong measures against these then these can have a negative impact on others. The public or other stakeholders' interest can be subdued by personal interest. The impact of unethical behavior can have a long-term effect on any company's operation. Saint Leo's core values are Excellence, Community, Respect, Personal Development, Responsible Stewardship, and Integrity. Unethical behavior does not comply with any of it.arrow_forward
- Which of the following statements about corporate social responsibility (CSR) is false? O a. CSR describes the efforts of companies to take responsibility for improving social well-being within and outside of the firm. b. Companies are taking a more active role in recent years in focusing and reporting on their own CSR initiatives. c. CSR describes the efforts of companies to take responsibility for the impact their operations have on society. d. CSR activities may include waste and pollution minimization but do not include agricultural initiatives within farming and ranching.arrow_forwardThe tension between the interests of the CEO and the interests of long-term stakeholders helps to explain why: Group of answer choices A. Conflicts of interest can easily happen. D. Both A & B B. Boards of directors need to maintain their independence from executives. C. Absence of agency risk is apparent.arrow_forwardWhat is the best strategy to improve U.S. business ethics? Multiple Choice Ethics must be taught in every business school around the globe. Congress must pass an ethics bill. Company leaders should adopt and support a corporate code of ethics. A company's suppliers must be thoroughly Investigated for ethical violations.arrow_forward
- How can board members and senior managers actually monitor and control ethical behavior in a company?arrow_forwardA CEO is considering whether to invest in Developing leadership capabilities in its managers. To make this determination, which of the following should he take into account? O People with strong leadership skills perform managerial functions more efficiently. O Improving managers' leadership skills will enable them to solve problems more effectively. O How leaders behave has a major impact on employee performance. O The attitudes of leaders have little effect on the attitudes of rank-and-file employees Identify the trait as one of either a manager or a leader. Trait Is concerned with "doing things right" Has a long-term perspective Solves problems Manager Leader ° O °arrow_forward
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