GRI Regulatory Compliance & Ethical Standards

Question 1

What is regulatory compliance?

Accepted Answer

Following laws and regulations

Answer

Ignoring regulations

Answer

Breaking rules

Answer

Avoiding laws

Question 2

Why are ethical standards important in business?

Accepted Answer

Guide behavior & build trust

Answer

Encourage rule breaking

Answer

Promote dishonesty

Answer

Increase conflicts

Question 3

What is a conflict of interest?

Accepted Answer

Personal interests interfere with duties

Answer

Following company policy

Answer

Acting professionally

Answer

Ignoring personal gain

Question 4

What is whistleblowing?

Accepted Answer

Reporting unethical activities

Answer

Ignoring misconduct

Answer

Engaging in misconduct

Answer

Supporting corruption

Question 5

Why is transparency important in regulatory compliance?

Accepted Answer

Fosters accountability & trust

Answer

Conceals information

Answer

Promotes secrecy

Answer

Encourages fraud

Question 6

Which organization enforces workplace safety regulations in the US?

Accepted Answer

OSHA

Answer

FDA

Answer

EPA

Answer

FTC

Question 7

What is the consequence of non-compliance?

Accepted Answer

Legal penalties & damage

Answer

Increased profits

Answer

Better reputation

Answer

Improved relations

Question 8

What does an ethics program in a company do?

Accepted Answer

Promotes ethical behavior

Answer

Encourages misconduct

Answer

Ignores rules

Answer

Supports fraud

Question 9

Which of the following is an example of ethical conduct?

Accepted Answer

Honesty and fairness

Answer

Deception

Answer

Bribery

Answer

Conflict of interest