In Attempting to Fulfill the Ethical Category of Promise-Keeping, It

question 20

Multiple Choice

In attempting to fulfill the ethical category of promise-keeping, it is important to avoid multiple conflicting commitments because:

• A) it will not always be possible to pay dividends.
• B) promises to pay taxes can only be subordinated to secured debt.
• C) repeatedly breaking promises will cost a business its reputation in the long run.
• D) stakeholders will relax their expectations if they know you are overextended.

Recognize the financial reporting requirements and options available to Canadian private not-for-profit organizations.

Apply accounting principles to real-life scenarios involving not-for-profit financial transactions and reporting.

Analyze the effects of transactions on the financial statements of not-for-profit organizations.

Distinguish between different methods of recognizing donation revenue under various conditions.

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Definitions:

Disruptive Behaviour

Actions that are inappropriate according to societal norms and disrupt the flow of normal activities.

Prior Experiences

Previous events or interactions that influence one's behavior, learning, and decision-making in the present.

Behaviour

The actions or reactions of an organism or system, usually in response to external stimuli.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, including both natural and built factors.