While Not Mentioned Directly in the PRSA Code of Ethics

question 9

Multiple Choice

While not mentioned directly in the PRSA Code of Ethics, ________ is an important issue to professional organizations worldwide. PR agencies value this as a priority for both their internal staffing and improving their services.

• A) Diversity
• B) Loyalty
• C) Empathy
• D) Mentoring

Grasp the concept of statutory mergers and consolidations and their differences.

Understand the recording and consolidated reporting process in business combinations.

Distinguish between the pooling of interests and the acquisition method of accounting before and after certain dates as per GAAP.

Calculate goodwill and other intangible assets arising from business combinations.

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Definitions:

Social Security

Social Security is a government program that provides financial assistance to people with inadequate or no income, especially the elderly, disabled, and survivors.

Unemployment Insurance

A government program that provides temporary financial assistance to workers who have lost their jobs through no fault of their own.

Job Sharing

A work arrangement where two or more people share the responsibilities and duties of a single full-time job.

Flexible Benefit Plan

Benefit system that offers employees a range of options from which they may choose the types of benefits they receive.