ITPEC IP October 2020 Question 76
ITPEC IP October 2020 — Question 76 of 100
Strengthening compliance helps prevent executives and employees from engaging in unlawful or unethical conduct that can cause scandals and threaten the company's survival. Compliance programs establish rules, education, reporting, monitoring, and corrective action.
Answer (a)
Why not others:
- retaining differentiating resources concerns competitive strategy
- restraining management power through oversight primarily describes corporate governance
- improving stakeholder satisfaction and sustainable growth broadly describes CSR or stakeholder management
Key rule: Compliance focuses on observing laws, regulations, internal rules, and ethical standards.
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