Concept explainers
To determine: The task performed, skills needed, pay and opportunity outlook of the career.
Introduction:
Compliance officer is an employee whose responsibility is to ensure that company is complying with all the internal policies.
Answer to Problem 1CE
The compliance officer has to evaluate, examine and investigate that company is complying with laws and regulations. Some of the skill sets required is like he should be proactive thinker, good leader, and good communicational skills. The hourly wage rate in this career is $35 and annually it is $71,540. The opportunity outlook for the career is that is projected to grow 3% from 2016 to 2026.
Explanation of Solution
Compliance officer job is to examine, investigates and evaluates that company is complying with all the internal policies mentioned in the guidelines. The skill set which a compliance officer requires is mentioned below:
- He performs well under pressure.
- Good critical thinking skills.
- Having sound moral principles.
- Passion for details.
- Proactive reactive thinker.
- Communicates well with others.
The wage rate of an officer working in this career is:
- Hourly wage rate- $35.
- Annual wage rate- $71,540.
The opportunity outlook for the career is that it has chances to grow 3% from year 2016 to 2026, slower than the average of all occupations.
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Chapter 4 Solutions
UNDERSTANDING BUSINESS (LL/ACCESS)
- Summarize (use no more than 25 words) Summarize why your top four Ethical Topics are beneficial to a career, employer and society. Identify why ethics are beneficial. Below are 4 topic 1-Morality 2-Confidentiality 3-Right of Engineer 4-Gun Controlarrow_forwardDevelop a code of ethics for your business. Tip: Your code of ethics should reflect some of your company values.arrow_forwardHow has the study of Business Ethics as a subject helped you make ethical decisions & choices to navigate your professional life better?arrow_forward
- After reading this chapter, what are major insights you have about ethics and CSR?arrow_forwardAnalyze and explain why fairness and honesty in business are important ethical concerns. Evaluate and describe some of the major ethical issues businesspeople face.arrow_forwardlist at least three topics you have learned from business ethics & society that will help you the most, and why.please write it in your own words in 100_150 words.arrow_forward
- Why is ethics important to doing business? What would you do within your company to establish a code of ethics and make sure they are followed?arrow_forwardHow is business ethics related to the corporate social responsibility work of the business company (choose a specific company of your own choice, especially trying to address questions of ethical dilemmas)arrow_forwardDiscuss how to establish a code of ethics for your business.arrow_forward
- What are the basic elements of the ethics program?arrow_forwardIdentify two concepts in business ethics. Explain each concept briefly, then give an example of how the concept may be of significance in the context of business practice.arrow_forwardwhat are some of the essential elements of business ethics ?arrow_forward
