How can a code of conduct encourage ethical behavior in an organization?
What will be an ideal response?
To improve ethics, many organizations have developed codes of conduct (also called codes of ethics) consisting of formalized rules and standards that describe what the company expects of its employees. The New York Stock Exchange now requires every member corporation to have a formal code of conduct. Codes of conduct promote ethical behavior by reducing opportunities for unethical behavior; employees know both what is expected of them and what kind of punishment they face if they violate the rules. Such codes are important in preventing misconduct within the organization. It is also important that companies consistently enforce standards and impose penalties or punishment on those who violate codes of conduct.
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An ________ system allows a company's business units to submit orders, issue invoices, and conduct business electronically with other company units as well as outside companies
A) Internet B) intranet C) ECR D) EDI E) EPOS
Which of the following is NOT one of the tips for alleviating communication problems of virtual teams?
A. Establish clear norms and protocols for surfacing assumptions and conflicts B. Keep team members informed on how well the overall project is going C. Establish a code of conduct to avoid delays D. Insist team members travel at least once during the project for a face-to-face meeting E. Share the pain when team members reside in different time zones
Which of the following is not a cash inflow from investing activities?
a. Receipts from collections of sales of loans made by the enterprise b. Receipts from sales of equity instruments of other entities c. Receipts from issuance of equity instruments of the enterprise d. Receipts from sales of productive assets
A chart of accounts for a merchandising business
A) usually is the same as the chart of accounts for a service business B) usually requires more accounts than does the chart of accounts for a service business C) usually is standardized by the FASB for all merchandising businesses D) always uses a three-digit numbering system