It Is the Ethical Responsibility of Employees

question 88

Multiple Choice

It is the ethical responsibility of employees:

• A)To review customer records not associated with their division for errors.
• B)Disclose customer data to related parties
• C)To collect only necessary data from customers
• D)To sell customer data to competitors.

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Definitions:

Current Liabilities

Financial obligations or debts of a business that are due within a year or within its operating cycle if longer.

Solvency

Refers to an entity's ability to meet its long-term financial liabilities.

Current Position Analysis

Evaluation of a company’s current financial health and performance, focusing on its liquidity, solvency, and profitability.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities, and equity) or income and expense is represented as a proportion of the total account.