A Code of Ethics

question 28

Multiple Choice

A code of ethics:

• A)should exclude guidelines for day-to-day activities​
• B)should be limited to a list of do's and don'ts.​
• C)should be in written form to avoid confusion
• D)should be kept confidential from a firm's employees.​

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Definitions:

Testing Costs

Expenses associated with the process of verifying the functionality, quality, or performance of a product before its market release.

Fixed Asset

Long-term tangible property held for business use and not expected to be converted into cash in the current or upcoming fiscal year.

Normal Operations

Refers to the regular and routine activities of a business under usual conditions.

Long Lived

Assets or properties owned by a company that are expected to provide economic benefits or value over an extended period, often exceeding one year.