The Following Is a Series of Questions Pertaining to the NSPE

question 1

True/False

The following is a series of questions pertaining to the NSPE Code of Ethics.Please indicate whether the statements are true or false.These questions are provided by the NSPE.
Note: This ethics test is intended solely to test indi?vidual knowledge of the specific language contained in the NSPE Code of Ethics and is not intended to measure individual knowledge of engineering ethics or the ethics of individual engineers or engineering students.
-Engineers may perform services outside of their areas of competence as long as they inform their employer or client of this fact.

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Definitions:

Overtime Wages

Additional pay granted to employees for hours worked beyond their standard scheduled hours.

Expensed

Recorded as an expense in the financial statements in the period in which it is incurred.

Statement

A formal record or document detailing financial activities or conditions, such as an income statement or balance sheet.

Adjusting Entries

Journal entries made at the end of an accounting period to update accounts for accuracies in preparation for financial statement generation.