Which of the Following Is Not One of the Three

question 46

Multiple Choice

Which of the following is not one of the three levels of business ethics?

• A) The corporate governance framework
• B) The broad ethical stance of the organisation towards its stakeholders and society
• C) Corporate social responsibility
• D) Individual behaviour and actions

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Definitions:

Balance Sheet Columns

Balance sheet columns refer to the structured format in financial reporting that outlines a company's assets, liabilities, and shareholders' equity at a specific point in time.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenue.

Net Loss

The amount by which a company's expenses exceed its revenues, resulting in a negative profit.

Adjustment Columns

In accounting, adjustment columns in a worksheet are used to record adjustments for accrued, deferred, and estimated items before preparing final financial statements.