The implementation of a pro-active ethics program is expected to result in

	a.	a positive corporate image and increased respect, but is not expected to affect cash flows.;
	b.	an increased share price resulting from a decrease in risk, but is not expected to affect cash flows.
	c.	a positive corporate image and increased respect, but is not expected to affect share price.
	d.	a positive corporate image and increased respect, a reduction in risk, and enhanced cash flow resulting in an increase in share price.