Given the Ethical Lapses That Are Prevalent Today in Our

question 227

Multiple Choice

Given the ethical lapses that are prevalent today in our businesses, which of the following can be done to restore trust in the free-market system and leaders in general?

• A) Business leaders that have broken the law should be given another chance.
• B) New laws making accounting records transparent may help restore trust.
• C) Making the government accountable for business leader behavior will restore trust.
• D) It's up to the government to pass laws requiring ethical behavior of all leaders, business and otherwise.

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Definitions:

Second Year

Refers to the second year in a multi-year analysis, project, or financial statement reporting period.

Ordinary Repairs

Routine maintenance expenditures necessary to keep an asset in operating condition without significantly enhancing its life or value.

Useful Life

The estimated period that an asset is expected to be useful in the operations of a business.

Operating Condition

Conditions or aspects related to the daily functionality and management of a business's core activities.