FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 5: Ethics and Compliance in the Corporation

Show Answer

Share

---

All types

Filters

Study Flashcards

Question 51

Multiple Choice

Review LaterAdd Note

Review Later

Which of the following was added in the 2004 amendment to the Federal Sentencing Guidelines for Organizations to clarify and detail compliance efforts?

A) training and communication guidelines
B) monitoring strategies
C) protection and detection procedures
D) a whistleblower system

Correct Answer

verified

Show Answer

Question 52

Multiple Choice

Review LaterAdd Note

Review Later

Which government agency provided more guidance about corporate compliance efforts relative to the Federal Sentencing Guidelines for Organizations in 2017 and 2020?

A) Department of Justice
B) Department of Homeland Security
C) Federal Trade Commission
D) Securities and Exchange Commission

Correct Answer

verified

Show Answer

Question 53

Multiple Choice

Review LaterAdd Note

Wyatt works at a warehouse for a large online retailer and notices another employee stealing small, expensive electronics. Wyatt's employer has a formal structure for reporting such ethical violations. According to research, Wyatt is most likely to

A global consumer products manufacturer uses an external call center to handle international calls for its compliance department. Employee Xavier spends much of his day collecting calls, emails, and online forum information. What will he do with the information next?

XYZ Company discovers that several employees have used their corporate expense accounts to pay for expensive personal items. XYZ then creates a system of sign-offs for all expense accounts to stop further misconduct. This scenario describes which of the 1991 Federal Sentencing Guidelines for Organizations' "seven hallmarks of an effective compliance program"?

Graham grew up on a tobacco farm. In college, he rolled his own cigarettes and sold them to fellow students. Now he is attempting to have packages of his cigarettes sold in local bars and convenience stores. Which government agency would attempt to prohibit Graham from illegally trafficking his cigarettes?

What is the best similarity between a code of conduct and a mission statement?

Which of the following terms is defined as adherence to rules, laws, standards, and policies?

Which of the following best represents the difference between ethics and compliance?

In addition to referring to expectations for employee behavior, a code of conduct also references

Because a code of conduct references a multitude of stand-alone policies, it is often compared to a/an

XYZ Company has created a compliance department and named a chief ethics and compliance officer to lead it. Based on your reading, which of the following will make XYZ's compliance program most effective?

Which of the following would be a suitable disciplinary measure for an employee who violated compliance policies?

ABC Company executives and managers act as role models for the rest of the company. Recently, to promote fairness, a human resources director stripped the names from resumes before the hiring manager saw them and a procurement specialist refused a bribe. These behaviors, and similar others, are publicized at company meetings. ABC is attempting to

Your start-up company is growing and you have recently hired 25 new employees. In a meeting with your business partners, you suggest creating a code of conduct. How would you describe it?

The Federal Sentencing Guidelines for Organizations help define punishment for organizations convicted of a crime. They include all of the following EXCEPT

The board of directors at Company B has promoted Whitney to chief ethics and compliance officer. She will lead its newly created compliance department. According to leading practices, to whom should Whitney report?

The compliance/regulatory response to the Great Recession of 2007-2009 was the Dodd-Frank Act, which established all of the following EXCEPT

According to a 2019 survey by the Ethics & Compliance Initiative, employees most commonly reported ethical violations

According to recent data, about how many organizations use a code of conduct accessible to all employees?