Rest (1984) Proposed an Early Ethical Decision-Making Model

question 4

Multiple Choice

Rest (1984) proposed an early ethical decision-making model. He suggested a __________-component model.

• A) five
• B) three
• C) four
• D) six

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Definitions:

Going Concern

An accounting principle that assumes a company will continue to operate and fulfill its obligations in the foreseeable future.

Going Concern Assumption

An accounting principle assuming that a company will continue in operation for the foreseeable future.

Monetary Unit Assumption

An accounting principle that assumes transactions can be recorded and expressed in a stable currency.

Economic Entity Assumption

An accounting principle that treats a company as a separate entity from its owners or other businesses, keeping its financial transactions distinct.