Question
Counter Fraud &Bribery: ô . Question 5 Self assessm ent question - Please select 1 correct answer below Question 5 Compliance with laws and regulations is important for: a) Building a negative reputation b) Attracting customers and clients who value ethical practices c) Encouraging fraud and corruption d) Ignoring stakeholder interests a a b C ) d
Answer
4.6
(156 Votes)
Naomi
Professional · Tutor for 6 years
Answer
[a, c, and d] as they not valid reasons for compliance, hence can't be the correct answer which is "b".
Explanation
## Step1: Analyzing each option individually, ## Step2: a) "Building a negative reputation" - This is not a reason for compliance with laws and regulations. Rather, not complying with the laws and regulations can lead to a negative reputation. ## Step3: b) "Attracting customers and clients who value ethical practices" - This is a valid reason. When an organization observes saftey norms, regulations, and laws, it inherently implies a commitment to ethical practices attracting customers and clients who value these.## Step4: c) "Encouraging fraud and corruption" - This is not a valid reason. On the contrary, compliance with laws and regulations is integral for discouraging malpractices such as fraud and corruption.## Step5: d) "Ignoring stakeholder interests" - This is also not a valid reason. In fact, compliance with laws and regulations promotes the interests of stakeholders and assures their rights are protected.