Ethics Refers to the

question 5

Multiple Choice

Ethics refers to the .

• A)standards of behavior accepted by society
• B)principles of conduct governing an individual or group
• C)characteristic values, traditions, and behaviors a company's employees share
• D)standards used by the organization to decide upon proper conduct
• E)basic beliefs about what is right or wrong

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Definitions:

Invoice

A document issued by a seller to a buyer that lists the products or services provided, along with quantities, prices, and payment terms.

Net Price Method

An accounting method that records purchases at the net price, after deducting any discounts, rather than recording them at the gross price.

Catalog Price

The listed price of goods or services in a catalog, before any discounts or adjustments.