Dunder Mifflin Inc

question 19

Multiple Choice

Dunder Mifflin Inc. is considering implementing employee ethics training programs. Some members of senior management are opposed to these programs. Their opposition is most likely based on which of the following beliefs?

• A) Individual value systems are fixed at an early age.
• B) Integrity cannot be taught by example.
• C) Ethics training is very expensive.
• D) Ethics training does not help employees to recognize ethical dilemmas.
• E) Ethics change from country to country.

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Definitions:

Credit

An accounting entry that increases liabilities and equity or decreases assets, and in financial terms, it refers to the provision of resources (such as funds) by a creditor to a borrower.

Compound Entry

An accounting entry that involves more than two accounts, where there are multiple debits, multiple credits, or both in a single transaction.

Account

A summary document that captures every transaction associated with an individual entry in the accounting balance equation.

Financial Information

This encompasses all the data regarding the financial status, performance, and changes in financial position of an entity.