Lesson 4 Flashcards
when a company’s ethical commitments and statements run contrary to their actual practices. Sourcing ingredients from suppliers who have practices detrimental to the well-being of animals is clearly contrary to the manufacturer’s commitment to “making the world a better place.”
greenwashing
The top management of a publicly traded company has been cited for violation of the transparency standards with respect to their financial and accounting reporting practices.
Which law has this company violated?
Sarbanes-Oxley Act (SOX)
Generally Accepted Accounting Principles (GAAP) Act
Governmental Accounting Standards (GAS) Act
Corporate Social Responsibility (CSR) Act
Sarbanes-Oxley Act (SOX)
A group of employees discovered alleged misconduct by senior managers of their company and leaked information about the situation to the press and general public.
What is term for this group of employees?
Compliance board
Greenwashers
Public auditors
Whistleblowers
Whistleblowers
The top management of a company implemented a policy in which all employees can attend the board meetings so they can be present when important decisions are made.
Which practice is being followed by this company?
Greenwashing
Internal auditing
Internal transparency
Social responsibility
Internal transparency
