Question

It is company policy that no employee will accept gifts from an outside vendor. This would be an example of a _____________ plan.

a) Ethics and Compliance
b) Gift Rejection
c) Anti-Bribery
d) Vendor Relations

Answer 1

The given situation is an example of an Ethics and Compliance plan. Company policies regarding gifts from outside vendors fall under the category of ethics and compliance because they aim to ensure that employees adhere to ethical standards and legal requirements. By implementing a policy that prohibits employees from accepting gifts, the company is demonstrating its commitment to maintaining fairness, transparency, and avoiding potential conflicts of interest.

Step-by-step explanation:

The given situation described in the question is an example of an Ethics and Compliance plan.

Company policies regarding gifts from outside vendors fall under the category of ethics and compliance because they aim to ensure that employees adhere to ethical standards and legal requirements.

By implementing a policy that prohibits employees from accepting gifts, the company is demonstrating its commitment to maintaining fairness, transparency, and avoiding potential conflicts of interest.