Which of the Following Is True

question 68

Multiple Choice

Which of the following is true?

• A)Managerial accountants are the employees who are principally responsible for ethical behaviour.
• B)Investment losses have been precipitated by lax ethical standards.
• C)Corporate fraud was found to have decreased between the years 1998 and 2003.
• D)Expense account abuse has been cited as one of the rarest forms of unethical employee behaviour.

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Definitions:

Balanced Budget Rule

A fiscal policy regulation requiring that a government's spending does not exceed its income in a given period.

Recession

A period of economic decline across an economy lasting several months, typically recognized by a decrease in GDP, income, employment, and trade.

Price Level

The collective mean of prices for all produced goods and services in the economy at present.

Investment Spending

Expenditures on capital goods by businesses and individuals to add to their capital stock, contributing to future production.