Asked by Chelsea Garcia-Perez on Jun 22, 2024
Verified
A major purpose of the Federal Sentencing Guidelines for Organizations, the Sarbanes-Oxley Act, and the Dodd-Frank Act is to
A) guard against anticompetitive behaviors.
B) create synergy among businesses to improve the economy.
C) encourage employees to report misconduct.
D) discourage businesses from taking risks.
E) mandate that companies engage in self-regulation.
Federal Sentencing Guidelines
Rules set forth by the federal government to determine the recommended punishment for individuals and organizations convicted of felonies and serious misdemeanors.
Self-Regulation
The ability of an individual or organization to regulate its actions and behaviors without external control, often to maintain ethical standards.
- Absorb the crucial legislative parameters shaping organizational operations and adherence demands.
- Appreciate the significance of ethical compliance programs in forestalling and identifying corporate misconduct.
Verified Answer
TC
Tammy CarmonaJun 22, 2024
Final Answer :
C
Explanation :
The Federal Sentencing Guidelines for Organizations, the Sarbanes-Oxley Act, and the Dodd-Frank Act all aim to encourage employees to report misconduct by providing incentives and protections for whistleblowers. This is intended to prevent unethical and illegal behavior within organizations and increase accountability.
Learning Objectives
- Absorb the crucial legislative parameters shaping organizational operations and adherence demands.
- Appreciate the significance of ethical compliance programs in forestalling and identifying corporate misconduct.