How Has the Adoption of Codes of Ethics by Businesses

question 79

Multiple Choice

How has the adoption of codes of ethics by businesses changed over time?

• A) Survival of the fittest has led fewer businesses to abide by their own codes of ethics.
• B) Since the 1960s, vastly more businesses have adopted them to be more in line with public and industry expectations.
• C) The rate of adoption by businesses has remained roughly the same since the 1960s.
• D) The superficial adoption of codes of ethics has increased, while moral expectations of business has decreased.

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Definitions:

Due Date

The specified date by which a payment must be made or a task must be completed.

Interest Due

The amount of interest that has been incurred on a loan or debt but has not yet been paid.

Maturity

The date on which a loan or bond comes due and the principal must be repaid or the date upon which an investment reaches its full value.

Adjusting Entry

An accounting entry made at the end of a period to allocate income and expenditure to the correct accounting period.