Which of the Following Is an Objective of Ethics Training

question 40

Multiple Choice

Which of the following is an objective of ethics training?

• A)To assign upper­level managers to be in charge of operations
• B)To discourage employees from reporting violations
• C)To bring in flexibility in ethical standards
• D)To achieve credibility with employees
• E)To delegate decision­making authorities to all employees

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Definitions:

Accounts Receivable

Funds that a business has yet to receive from its clients or customers for products or services already provided.

Fair Value

The estimated market price of an asset or liability, reflecting the price at which an orderly transaction would take place between market participants at the measurement date.

Balance Sheets

A financial statement that presents a company's assets, liabilities, and shareholders' equity at a specific point in time, giving insight into its financial position.

Allowance

An amount set aside as a reduction or probable future expenses or losses, such as an allowance for doubtful accounts.