Asked by Jordan Prather on May 26, 2024
Verified
A(n) _____ is a tool that companies can employ to identify and measure their ethical commitment to stakeholders.
A) ethics audit
B) social audit
C) financial audit
D) performance audit
E) external audit
Ethics Audit
A comprehensive review process designed to assess an organization's ethical practices, policies, and culture, and identify areas for improvement.
- Understand the purpose and tools of ethics audits.
Verified Answer
PJ
Princess joy LungayanMay 30, 2024
Final Answer :
A
Explanation :
An ethics audit is a tool that companies can use to evaluate their ethical commitment to stakeholders. It typically involves a systematic review of the company's policies, procedures, and practices related to ethical issues such as corruption, discrimination, and environmental responsibility. The goal of an ethics audit is to identify areas where the company may be falling short of its ethical obligations and to develop strategies for improvement. Social audits, financial audits, performance audits, and external audits are all different types of audits that may be useful for companies, but they are not specifically focused on ethics.
Learning Objectives
- Understand the purpose and tools of ethics audits.
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