Question
Counter Fraud &Bribery: 2. Question 1 Self assessme nt question - Please select 1 correct answer below Question 1 Compliance with laws, regulations , and organizational policies helps to: a) Increase costs for organizations b) Promote unethical behavior c) Ensure fairness and accountability d) Encourage fraudulent activities a a b C d d
Answer
4
(243 Votes)
Jolene
Master · Tutor for 5 years
Answer
c. Ensure fairness and accountability.
Explanation
## Step 1: From the question, we understand that we need to select the correct reason which best describes the benefits obtained from compliance with laws, regulations and organizational policies. ## Step 2: The first option, "Increase costs for organizations" is incorrect. While compliance may require financial investment such as for personnel training, software systems, and other aspects, the purpose of doing so is not to increase the cost for organizations, but rather to enable them to operate ethically in a legal framework.## Step 3:The second option, "Promote unethical behavior," contradicts the core purpose of compliance. Compliance with laws, regulations, and policies derails any form of unethical behavior rather than promoting it.## Step 4:The third option, "Ensure fairness and accountability," can be considered correct. Lack of adherence to laws, rules, and regulations usually leads to unfair and unaccountable business operation. The primary purpose of these laws and regulations is to ensure fair operations and accountability.## Step 5:Lastly, the fourth option, "Encourage fraudulent activities," is wrong. Compliance is meant to discourage fraudulent operations or any wrongdoings by creating a standard legal and ethical operation procedure to be followed.