Exam 7: Managing Ethics Risks Opportunities

If you are a professional accountant employed in a firearms manufacturing corporation and your boss tells you to open a corporate bank account in the Cayman Islands where secrecy is guaranteed, what are the likely purposes of that account?

What is the most important reason sexual harassment has recently become much more important for businesspeople?

What are the two most difficult practical aspects of sustainability reporting?

Which of the following would be the least useful report of ethics risks and opportunities?

An employee who thinks he is being treated unfairly because he is regularly working unpaid overtime urgently needs some extra cash. According to the fraud triangle, this situation likely constitutes:

An employee in charge of the customer service helpline urgently needs some extra cash for paying his son's hospital bills. According to the fraud triangle, this situation likely constitutes:

It important that enterprise risk management (ERM)and strategy setting are integrated because:

An employee in charge of collecting tickets at the entrance of a movie theater lets her friends enter the theater without paying for tickets. She thinks it is fine to do so because the employees at the popcorn bar give free popcorn to their friends. This type of rationalization is categorized as:

The disclosure of the following three performance categories is recommended by the Global Reporting Initiative.

An important difference between anticipated and unanticipated crises is that:

Crises can result in significant financial losses, but they can also result in other losses. Which of the following losses can have the worst long-run impact on a company?

An employee in charge of writing checks to suppliers in a manufacturing firm steals small sums of money every month by writing himself a check for the total of the discounts he negotiates with the company's suppliers. This type of rationalization is categorized as:

Most of the damage is usually done in this phase of a crisis.

What is the recommended strategy when stakeholders' potential for threat is high and the stakeholders' potential for cooperation is high?

The following need is at the top of Maslow's Hierarchy of Needs.

What is the recommended strategy when stakeholders' potential for threat is low and the stakeholders' potential for cooperation is high?

Ethics and ethical corporate culture should play a vital role in setting:

The following performance component recommended by the Global Reporting Initiative relates to customer health and safety, marketing communications, and customer privacy.

An employee in charge of counting and depositing cash holdings at the end of the day urgently needs some extra cash to pay her son's medical bills. According to the fraud triangle, this situation likely constitutes:

The new enterprise risk management (ERM)focuses on how risks and opportunities might impact the achievement of strategic goals as well as the creation, preservation, realization, or erosion of value.  ERM involves the assessment of an organization's: