21 ethics relate primarily to the decision making step of the decision framework 22 4313511

21 ethics relate primarily to the decision making step of the decision framework 22 4313511

21.Ethics relate primarily to the decision-making step of the Decision Framework.

22.The Foreign Corrupt Practices Act of 1977 prohibits managers from giving or taking bribes unless such acts are part of the normal business practices in another country.

23.Many firms conduct surprise audits to increase the odds of detecting unethical behavior.

24.The Sarbanes-Oxley Act of 2002 mandates that the executives and financial officers certify, in writing, the truthfulness of reports filed with the IRS.

25.Some firms impose ethical standards on their suppliers.

26.An organization’s board of directors usually delegates most decisions to the Chief Operating Officer.

27.The chief financial officer (CFO) manages the internal audit function of a company.

28.The controller manages the day-to-day accounting for the firm and oversees corporate accounting policies.

29.Division managers are responsible for ensuring that the firm has appropriate monitoring, performance evaluation and incentive systems in place to motivate employees to achieve organizational goals.

30.While divisional controllers report to division managers, they also have a “dotted line” relationship with the corporate controller.

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