Which of the Following Is Correct with Respect to Accounting

question 184

Multiple Choice

Which of the following is correct with respect to accounting ethics?

• A) It is difficult for one person to make a difference; rather, what is required is organization-wide action to ensure ethical accounting behaviour.
• B) The ultimate purpose of strong ethical standards in accounting is to maintain public confidence in business institutions and financial markets.
• C) The U.S. CPA Code of Ethics does not address the conflict of interest problem.
• D) To date, there has been no legislation passed in either the United States or Canada which is designed to ensure that the general public has confidence in the work of accountants.
• E) All of these are correct.

Comprehend the concept of the aggregate demand and aggregate supply curves, and their implications for the economy.

Identify the factors affecting the shape and position of the aggregate demand curve.

Analyze the consequences of shifts in aggregate demand or aggregate supply on the economy's equilibrium.

Recognize the importance of the interest rate, real wealth effect, and investment-savings relationship in determining economic equilibrium.