Money laundering means using or transferring

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Money laundering means using or transferring illegally received funds in a financial transaction to conceal their source or ownership or to facilitate an illegal activity World Trade Organization has the power to enact legally binding ground rules for international commerce and trade policyThe primary responsibility of ensuring that ethical, legal, and social standards are adhered to within a business rests with the management board. A company can align the interests of its owners with those of its managers through executive compensation by basing compensation on performance and achievement of goalsThe agency problem, wherein ownership and control of a corporation are separate, is associated with the shareholder model of corporate governance. Customers are typically NOT secondary stakeholdersAssessment of corporate culture will help with all of the following except determining the line of business.Those who have a claim on some aspect of a firm’s products, operations, markets, industry, or outcomes are known as stakeholders. A stakeholder orientation is not complete unless it includes activities that actually address stakeholder issues. Which of the following is not one of the four hierarchical levels of social responsibility : Communal The reputation of a company as a good corporate citizen is influenced by the attitude and behavior of the company toward the community of which the company is partFiduciaries are persons in positions of trustwho use due careand loyaltyin acting on behalf of the best interests of the organization.The three main components of corporate governance are accountability, oversight, and control. Fostering ethical decision making within an organization requires improving the firm’s ethical standards and terminating unethical persons.They guarantee an ethical business climate is a statement about codes of conduct that is FALSEA complianceorientation creates order by requiring that employees identify with and commit to specific required conduct, whereas a valuesorientation strives to develop shared standardsAt the heart of Federal Sentencing Guidelines for Organizations is the carrot-and-stick philosophySarbanes-Oxley Act places more pressure on ethics officers to monitor financial and sales reporting All of the following are useful in monitoring ethical conduct and measuring the effectiveness of the ethical program except firingCoordinating the US Sentancing Commission annual ethics audit is NOT a typical activity for an ethics officer
Developing materials that do not mecreates needs of the average employee is a common mistake made in implementing an ethics programOne of the most effective methods of ethics training is exercises in resolving ethical dilemmas that relate to actual situations employees may face on the jobHelp lines serve as a central contact point where critical comments, dilemmas, and advise can be assigned to the person most capable of handling the specific caseAn organizational ethics program should help reduce the possibility of penalties and negative public reaction to misconduct

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