Which of the Following Phrases Does Not Signal a Potential

question 190

Multiple Choice

Which of the following phrases does not signal a potential ethical pitfall?

• A) "That's the way it's always been done."
• B) "If we don't do it, someone else will."
• C) "Your job is to be a team player, not ask questions."
• D) All of the above signal an ethical pitfall.

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Definitions:

Net Income

The amount of profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.

Cash Increase

Refers to the rise in cash and cash-equivalent assets within a business or organization.

Cash Decrease

A reduction in the amount of cash a company has on hand, which can result from expenses, purchases, or withdrawals.

Income Statement

The income statement is a financial statement that reports a company's financial performance over a specific accounting period, showing revenue, expenses, and net income or loss.