It Is Well Known That the Elected School Board of a Large

question 16

Multiple Choice

It is well known that the elected school board of a large city engages in unethical and illegal activities involving the awarding of major contracts. This behavior has existed for decades,even as the membership in the school board has changed over time. This behavior reflects

• A)the core values of the school board as an organization.
• B)a functional, although unethical, culture of the school board.
• C)the lack of an organizational mission for the school board.
• D)a school board lacking in core competencies.

---

Definitions:

Conclusions

The final part of a document or process in which findings, decisions, or proposals are summarized or resolved.

Conceptual Framework

A set of theoretical principles and concepts that underpin and guide the standards, rules, and procedures of accounting and financial reporting.

Recognise

The accounting process of officially recording an item or transaction in the financial statements.