Identify a True Statement About Espoused Values

question 54

Multiple Choice

Identify a true statement about espoused values.

• A) They are the explicitly stated values and norms preferred by an organization.
• B) They are seldom written down or posted anywhere.
• C) They are the implicit values of the employees of an organization.
• D) They are also referred to as enacted values.
• E) They represent the values and norms that are practiced in an organization.

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Definitions:

Journal Entry

A record in accounting that represents a transaction in the ledgers.

Transactions

Financial activities involving the exchange of assets, services, or financial instruments between parties.

Transactions

The financial events that affect the financial statements of a business, involving transfers or exchanges of value between two parties.

Current Ratio

An indicator of a business's capacity to meet its obligations due in the next twelve months.