(What is the significance of establishing ethical decision-making guidelines within an organization?)

• A.Ethical decision guidelines are optional and have no impact on the organization's decision-making process
• B.Ethical decision guidelines are used instead of policies and procedures so employees learn how to make the right choices
• C.Ethical decision guidelines are only applicable to the organization's external stakeholders
• D.Ethical decision guidelines help people decide what to do without an explicit policy or procedure when the circumstances are not explicitly covered

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What is the term used to describe a cause that has the potential to result in harm?

• A.Hazard
• B.Opportunity
• C.Prospect
• D.Obstacle

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What is the significance of evaluating costs and benefits during design?

• A.It enables the organization to decide it would rather bear the risk and cost of a compliance enforcement action than spend more money to ensure compliance.
• B.It determines the number of employees to commit to any aspect of the design.
• C.It provides insights into the preferences and behaviors of customers and clients.
• D.It ensures that the costs do not outweigh the benefits of a design decision.

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What is meant by the term "residual risk"?

• A.The risk that is transferred to a third party
• B.The risk that exists in all business activities
• C.The level of risk in the presence of actions & controls
• D.The risk that remains after eliminating all threats

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Why is continual improvement considered a hallmark of a mature and high-performing capability and organization?

• A.Because it increases the organization's market share.
• B.Because it enables the capability and organization to evolve and enhance total performance.
• C.Because it ensures compliance with regulatory requirements.
• D.Because it reduces the likelihood of employee turnover.

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