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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

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

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

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NaomiProfessional · 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".

Explain

## Step1: <br />Analyzing each option individually, <br /><br />## Step2: <br />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. <br /><br />## Step3: <br />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.<br /><br />## Step4: <br />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.<br /><br />## Step5: <br />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.
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