Which of the Following Is Not One of the Actions

question 19

Multiple Choice

Which of the following is not one of the actions a firm can take to enhance ethical behavior?

• A)Wiretapping and security cameras.
• B)Developing a statement of ethics.
• C)Closer buyer-seller relationships.
• D)Internal reporting of unethical behavior.
• E)Commodity rotation and limits of authority.

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Definitions:

Postdated Check

A check written with a future date, preventing it from being cashed or deposited until that date.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement to ensure they are in agreement.

Deposit in Transit

Funds that have been deposited by a company in its bank account but have not yet been recorded by the bank, leading to a timing difference in the company's accounting records.

NSF Notation

A notation made by banks on a bounced check indicating "non-sufficient funds," meaning the account does not have enough money to cover the check.