This is a multiple Question in ONE

Aero Corp., a multinational biotechnology corporation, made illicit payments to leaders at pharmaceutical companies in order to win their business. When the illicit payments were uncovered, Aero's reputation was tarnished and Aero's leaders were replaced as a result. The new management team established an ethics and compliance system designed to proactively prevent misconduct and to detect it when it occurs. Which of the following statements is true of Aero in this scenario?

a. Aero does not need laws and regulations to provide formal structural restraints.

b. As a moral agent, Aero is required to obey the laws and regulations that define acceptable business conduct.

c. Aero is merely a profit-making entity, and, therefore, is not required to obey the laws and regulations that define acceptable business conduct.

d. As a moral agent, Aero can make the decisions it needs to make to turn a profit, regardless of their legality.

Your Corp., a cosmetics company, has several policies and procedures in place to deter and detect misconduct. Its international code of conduct is designed to guide business at Your Corp.'s international hubs while its supplier code of conduct dictates how companies in its supply chain should behave. For example, ingredients sourced for Your Corp. products must come from suppliers who meet certain sustainability criteria. Your Corp.'s ethics officer oversees the ethics program and the toll-free ethics hotline. Which of the following statements is true in this scenario

a. Your Corp. has a strong ethics program.

b. Your Corp. does not have an ethics program.

c. Your Corp. does not promote legal and ethical conduct.

d. Your Corp. has a weak ethics program.

Northern Airlines is widely considered to be one of the most ethical companies in the world. Its founders established a strong code of ethics early in the company's history that Northern Airlines continues to improve every year. Its ethics and compliance program includes a toll-free ethics hotline, a code of conduct, ethics training, a chief ethics officer, independent oversight, regular auditing, and more. Despite its strong ethics program, it is discovered that one of the company's top executives has been accepting bribes from various airports in exchange for establishing new routes. Which of the following does this scenario exemplify?

a. Misconduct can still occur even if the company has ethical guidelines in place.

b. Even effective ethics programs cannot act as deterrents to organizational misconduct.

c. Northern Airlines did not have ethical guidelines in place.

d. Companies should assume individuals know how to behave appropriately when they enter a new organization or job

Hilary is tasked with improving the ethics and compliance program of an accounting firm. Before Hilary's review of the program began, the company had already established standards and procedures to prevent and detect criminal conduct and ensured the firm's board, top management, and high-level personnel exercised reasonable oversight of those standards and procedures. Which of the following are minimum requirements that Hilary should implement? (Select two)

a. Establish a culture of trust amongst management and employees.

b. Communicate standards and procedures by training directors, employees, and appropriate agents.

c. Make reasonable efforts to keep individuals whom organizations knew or should have known to have engaged in illegal activities out of key positions.

d. Eliminate bad apples through screening techniques.

Go Athletics, a sportswear and athletic equipment retailer, has a detailed code of ethics in understandable language that is easily downloaded from the employee online portal or available in print, but the company repeatedly detects ethical misconduct. For example, the code of conduct explicitly states that employees must offer new gym equipment for sale to customers for at least one week before purchasing it for themselves. Yet employees often engage in this behavior. Go Athletics sends a survey to employees to understand why this is happening. They discover that frontline employees are unaware of the code of ethics. Which of the following explains why Go Athletics' code of ethics failed in this scenario?

a. The code is not promoted and employees do not read it.

b. The code is written too vaguely.

c. The code is not easily accessible.

d. The code is written too legalistically and therefore is not understandable by average employees.

A small manufacturer needs to develop and implement a code of ethics for its 200 employees. Previously, the company did not have a formal code of ethics, but after securing a lucrative government contract, the manufacturer decided it was time. First, the manufacturer considered areas of risk and stated the values and conduct necessary to comply with existing laws and regulations. Next, the company identified values that specifically addressed current ethical issues. Which of the following are additional factors the small manufacturer should consider when developing and implementing its code of ethics? (Select three)

a. Focus on values that address future ethical issues rather than current ethical issues.

b. Communicate the code frequently and in language that employees can understand.

c. Make the code understandable by providing examples that reflect values.

d. Revise the code every year with input from organizational members and stakeholders.

Ji-hoon, an experienced ethics and compliance professional, is contacted by a corporate recruiter. The recruiter describes a job that would require Ji-hoon to assess the needs and risks an organization-wide ethics program must address, conduct training programs for employees, monitor and audit ethical conduct, and review and update a code of ethics. Based on this job description, which role is the recruiter hoping Ji-hoon can fill?

a. Ethics officer

b. Chief financial officer

c. Chief executive officer

d. Financial auditor