In Recent Years Unethical, and in Some Cases Illegal, Behaviour

question 23

Multiple Choice

In recent years unethical, and in some cases illegal, behaviour in economics has caused:

• A)A global economic downturn.
• B)A great deal of goodwill towards businesses globally.
• C)Substantial growth and employment.
• D)Great confidence in global financial markets.

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Definitions:

Unrealized Gain

The increase in value of an asset that has not been sold yet, therefore the gain is not reflected in the income statement.

Consolidated Financial Statements

Financial statements that present the assets and liabilities controlled by the parent company and the total revenues and expenses of the subsidiary companies.

Subsidiary Company

A company that is entirely or majority-owned by another company, referred to as the parent company.

Controlling Interest

Ownership of more than 50% of the common stock of another entity.