Organizations can prevent the embarrassment and potential financial ruin caused by whistle-blowing by creating an internal system that gives whistle-blowers the option of being heard, thus resolving the issue in private.

Question

Quizplus · Accepted Answer

This statement is true. Organizations can establish an internal reporting system that allows employees or insiders to report any unethical behavior, fraud, or illegal activities without fear of retaliation. By doing so, they can address and resolve the issue in private while preventing any potential negative media attention or legal consequences that might arise from external whistle-blowing. This system can also help organizations identify and address any systemic or cultural problems that may lead to unethical behavior or misconduct, improving their overall ethical standards and compliance.

Organizations Can Prevent the Embarrassment and Potential Financial Ruin Caused