Principles Are

question 21

Multiple Choice

Principles are

• A)laws and regulations that guide behavior in the world of business.
• B)mores,values,and customs that guide behavior in general.
• C)specific and pervasive boundaries for behavior that are universal and absolute.
• D)the obligations businesses assume to maximize their positive impact and minimize their negative impact on stakeholders.
• E)the mores,values,and customs that parents teach their children.

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Definitions:

Total Assets

The sum of all assets owned by a company, as reported on the balance sheet, that are expected to provide future economic benefits.

Integrated Disclosures

Reporting that combines financial, environmental, and social performance information into a single, cohesive document, aiming to provide a more comprehensive view of an organization's performance.

SEC

The Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry.

Form 10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), providing a comprehensive overview of a company's performance.