There Are Many Reasons for Accountants to Become Aware of Potential

question 49

Multiple Choice

There are many reasons for accountants to become aware of potential unethical behaviors.Which of the following is not one of the reasons identified by the authors?

• A)Accountants are responsible for identifying unethical and illegal activities.
• B)Accounts assist in developing and implementing internal control structures that should decrease the chance of unethical actions.
• C)Accountants are often pressured to assist in, or cover up, unethical actions.
• D)Accountants deal with assets or records that could easily tempt accountants to engage in unethical behavior.

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Definitions:

Units of Output

are the measurable quantities of goods or services produced by a firm or economy.

Maximization of Profits

The process by which a company determines the price and output level that generates the most profit.

MP

Marginal Productivity (MP) refers to the additional output resulting from the use of one more unit of a production factor, keeping other inputs constant.

Imperfect Competition

All market structures except pure competition; includes monopoly, monopolistic competition, and oligopoly.