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Most executives believe that they and their firms behave in an ethical manner and that it is in their best interests to do so. How

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Most executives believe that they and their firms behave in an ethical manner and that it is in their best interests to do so. How can a firm's ethical conduct increase its long-term profitability? O Ethical corporate behavior attracts austomers, employees, and communities who apprecdiate and support being treated ethically. O Good ethics programs are developed from the bottom of the organization up to the firm's leadership. This is because lower-level workers do all the actual work and are in the best position to speaify the rules of how the work should be conducted. Ethics deals with questions of right or wrong behavior. which of the following behaviors involves ethical-as opposed to unethical-decision making? O while interviewing prospective applicants for a manager-trainee position, the company's recruiter makes sexually suggestive remarks to the applicants and recommends hiring only the good-looking candidates. O while riding in a taxi, a loan officer with the Fifth County Bank finds a briefcase containing the confidential and proprietary lending policies of a competing bank. Instead of returning the briefcase, she keeps the competing bank's information and distributes it at the next loan application review meeting. the company's financial statements. that the purchase be made from his cousin's firm rather than from one of two other vendors offering the O while planning for an upcoming company audit, a manager insists on hiring an extemal auditing firm to audit O while considering the purchase of an expensive piece of equipment, a firm's purchasing manager recommends identical equipment at lower prices In 2002, in response to an outbreak of corporate scandals and unethical financial and accounting behavior, Congress passed the Sarbanes-Oxley Act. which of the following is a major provision of this legislation? O A publicly traded corporation must have a board of directors composed solely of inside directors to oversee the firm's annual audit, because insiders know best about how the company does its business O A publicly traded corporation must hire an external auditing firm to render an unbiased and independent opinion regarding the firm's financial statements

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