Colin Is a Recent Hire at Bender's Book Stop

question 182

Multiple Choice

Colin is a recent hire at Bender's Book Stop. On his first day in his new job, his store manager handed him a small booklet consisting of company rules. He was asked to read it and sign and submit the last page, before starting his work. Among other things, the rules explicitly discussed punishments for grievous behavior and firing if the firm could prove that the employee was stealing product from the store. This booklet represented the ________ of the store.

• A) company-based ethics
• B) compliance-based ethics
• C) integrity-based ethics
• D) whistleblowing-based ethics

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Definitions:

Income Statement

A financial report summarizing a company's revenues, expenses, and profits over a specific accounting period, showing the company's operational performance.

Balance Sheet

An account manifest that outlines an organization's assets, debts, and stockholders' equity at a particular time.

Accounts Receivable

Receivables from clients to a business for goods or services that have been dispatched but not settled.

Sales Salaries Payable

An account representing the salaries owed to sales staff that have been incurred but not yet paid.