Question

ven the ethical lapses that are prevalent today in our businesses, what can be done to restore trust in the free-market system and leaders in general? Multiple Choice Making the government accountable for business leader behavior will restore trust. New laws making accounting records transparent may help restore trust. It's up to the government to pass laws requiring ethical behavior of all leaders, business and otherwise. Business leaders that have broken the law should be given another chance.

Answer 1

Answer:

New laws making accounting records transparent and punishing the wrongdoers may help restore trust.

Explanation:

Free market can be regarded as a system whereby the prices for goods as well as services are been self-regulated by buyers as well as sellers that are negotiating in an open market.

Trust in free-market system as well as leaders in general can be restored by setting up New laws making accounting records transparent and punishing the wrongdoers may help restore trust.

Transparency can be regarded as access and proper disclosure of financial information, this information could be audited financial reports of a company and other information. In financial reporting, transparency can be regarded as having reports with high quality as well as clear information so that this information can be easily understood. The budgeting as well as forecasting of a company should be available readily in case it is needed by existing investors to access as well as to comprehend. Another one is that a new law that will put any violators or wrongdoer in free market should be set up, this will reduce crimes in accounting aspect of organization.