Arguments for Placing Restraints on Policy Makers Fall into Which

question 20

Multiple Choice

Arguments for placing restraints on policy makers fall into which of the following?

• A)policy makers understand completely how the economy operates
• B)policy makers have good intentions, but end up doing more harm than good
• C)policy makers do what is best for them, not necessarily what is best for the country
• D)all of the above
• E) both B and C

Recognize the reporting requirements for noncash investing and financing activities.

Comprehend the importance of cash flow information for decision-making by internal and external users.

Understand how cash flows affect financial ratios and business decisions.

Acknowledge the disclosure of cash and cash equivalents and their impact on financial analysis.

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Definitions:

Corporate Social Responsibility

Practices and policies enacted by businesses to positively impact society, the environment, and stakeholders beyond direct economic and legal obligations.

Enron

An American energy company that became infamous for its accounting fraud and financial scandal, leading to its bankruptcy in 2001.

CSR Programs

Corporate Social Responsibility programs are initiatives companies undertake to take responsibility for their effects on environmental and social well-being.

Ethics

The branch of philosophy that deals with questions about what is morally right and wrong, good and bad, fair and unfair.