You Are an Independent Contractor

question 36

Multiple Choice

You are an independent contractor. The due date for your current project falls right after your vacation, which means you are going to miss a deadline to deliver some of the work to your client. Which of the following statements in a progress report sent before your deadline is most ethical?

• A) I anticipate meeting the deadline.
• B) Against my protestations, the project manager pressured me to accept an overly aggressive schedule.
• C) I did not realize how much my vacation would affect my final tasks on this project. I might need 1-2 extra days to complete everything.
• D) I have never missed a deadline with a client.

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Definitions:

Straight-Line Method

A depreciation method that allocates an equal amount of depreciation each year over the asset's useful life.

Pension Plan Accounting

The process of recording and managing all the financial aspects of a pension plan, including its liabilities and assets.

GAAP

Generally Accepted Accounting Principles, which are a common set of accounting rules and standards for financial reporting.

Postemployment Benefits

Benefits, including pension plans and healthcare, that an employee is entitled to upon retirement or termination of service.