Which of the following statements about ethical conduct is FALSE?

There is no association between a company's ethical conduct and successful long$-$

term financial performance.

It is generally considered voluntary and personal$-$often based on our individual

perception of what is right and wrong.

Having an internalized moral compass enables individuals to act in an ethical

manner systematically, habitually, and without struggling to decide how to act or

what to do in difficult situations.

It strengthens our professional reputation as business leaders of integrity.