An Example of Ethical Behavior by an Organization Would Be

question 47

Multiple Choice

An example of ethical behavior by an organization would be

• A) a chemical company dumping toxic waste into a lake.
• B) a cigarette manufacturer that fails to warn potential consumers about the hazards of tobacco.
• C) a toy company that makes products that might be life threatening.
• D) a company that develops a fund-raising campaign that would help its primary consumer group.
• E) None of the answer choices is correct.

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Definitions:

Noncollections

Amounts due to a company for goods or services provided that have not been collected.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally.

U.S.GAAP

U.S.GAAP stands for United States Generally Accepted Accounting Principles, which are a set of accounting standards used for financial reporting in the U.S.

Accounts Receivable

Funds that customers owe a company for products or services already received but not yet paid for.