Question

Effective ethics management within an organization can _______.

• A. minimize errors, losses and fraud
• B. eliminate general e-mail abuses.
• C. eliminate all errors, fraud and losses
• D. none of the choices are correct.

Answer 1

Answer: (A)

minimize errors, losses and fraud

Ethical behavior and corporate social responsibility can bring significant benefits to a business. For example, they may:

• Attract customers to the firm’s products, which means boosting sales and profits.
  
• Make employees want to stay with the business, reduce labor turnover and therefore increases productivity.
  
• Attract more employees wanting to work for the business, reduce recruitment costs and enable the company to get the most talented employees.
  
• Attract investors and keep the company’s share price high, thereby protecting the business from takeover.