Question
Counter Fraud &Bribery: 10 . Question 9 Self assessme nt question - Please select 1 correct answer below Question 9 Compliance with relevant laws and regulations can result in: a) Strained relationships with stakeholders b) Increased legal consequences c) Competitive disadvantage d) Positive reputation and trust a b C d
Answer
4.7
(274 Votes)
Unity
Master · Tutor for 5 years
Answer
d) Positive reputation and trust
Explanation
## Step 1: Understand the Context:This question focuses on the implications of compliance with pertinent laws and regulations. The understanding of these repercussions is directly proportional to identifying the right decision moving forward. Hence identification of an outcome correctly becomes extremely important.## Step 2: Analyzing options:Let's analyze each option:### a) Strained relationships with stakeholders:Strict compliance with legal norms usually makes your operations transparent and trouble-free, so it would be quite unlikely for regulatory compliance to strain relationships with stakeholders.### b) Increased legal consequences:Typically, when a company fully complies with all of the laws and regulations relevant to its operations, there is no room for legal consequences, let alone increased ones.### c) Competitive disadvantage:Staying in line with the laws is highly appreciated and can build significant value, trust and reliability among other industry players. Hence this should not lead to any disadvantage.### d) Positive reputation and trust:Complying with the law displays responsibility and earns credible reputation from all the stakeholders in due turn.