Question
Counter Fraud &Bribery: 9. Question 8 Self assessment question - Please select 1 correct answer below Question 8 Compliance with laws and regulations helps organizations to: a) Avoid legal obligations b) Minimize risk management efforts c) Build a negative reputation d) Uphold ethical standards a b C
Answer
4.2
(236 Votes)
Emilia
Veteran · Tutor for 10 years
Answer
d
Explanation
## Step1: In this question, we are asked to select the appropriate choice that represents how compliance with laws and regulations assists organizations in performing their duties with efficacy and professionalism. We must evaluate each answer choice closely keeping in mind that we need to choose an option that clearly connects the concept of abiding by regulations and what the benefits can be for the organization.## Step2: Let's examine choice by choice:a) Compliance with laws actually means accepting and abiding by all legal obligations that an organization has, so this solution indicates the opposite of that concept.b) Compliance with laws and regulations should assist with minimizing risk management efforts—it does not detract from the significance of management, but it provides a structure within which issues can be avoided, identifying and reducing potential threats in the most efficient and successful manner possible.c) Complying with laws should help establish a positive reputation for an organization, so the 'Build a negative reputation' choice shows an incorrect understanding of the significance of compliance.d) The phrase 'Uphold ethical standards' appropriately signifies that abiding with laws and on-field regulations is vital in the field, in reinforcing commitment to honesty, fairness, and integrity indivisible at every point of organization structure and in every area of function. This ensures the trust of clients, investors, and employees—in fact, everyone involved with the organization drills down their trust in it.The correct answer seems to either be b) or d), but we can already establish that choice \(b)\) falls on the 'elimination' category just for its wrong premise demonstration. Our right guess will, therefore, be the option \(d)\).