Final answer:
The false statement regarding managing ethical conduct is that the compliance approach's main objective is to protect against negative publicity, when in fact it aims to ensure adherence to ethical standards.
Step-by-step explanation:
The statement which is false as concerns the various approaches company managers can take in dealing with or managing ethical conduct is: D. The main objective of the compliance approach is to protect against adverse publicity and any damaging consequences brought on by headlines in the media, outside investigation, threats of litigation, punitive government action or angry or vocal shareholders. This statement is false because the main objective of the compliance approach is to ensure that the company adheres to laws, regulations, and internal norms, rather than merely to protect against negative consequences of non-compliance. The compliance approach includes the development of codes of ethics, ethics training programs, and other related initiatives to promote ethical behavior within the organization. It is much more proactive and comprehensive than the damage control approach, which is more reactive and often employed after ethical breaches have occurred.