Which Term Refers to a Decision That Benefits an Individual

question 46

Multiple Choice

Which term refers to a decision that benefits an individual to the possible detriment of the organization?

• A) conflict of interest
• B) confidentiality
• C) ethical behavior
• D) breach of privacy

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Definitions:

AASB 3

Refers to the Australian Accounting Standards Board standard that outlines the requirements for the accounting of business combinations, including the recognition and measurement of assets, liabilities, non-controlling interest, and goodwill.

Joint Arrangements

Agreements between two or more parties that establish joint control over economic activities.

Tax Purposes

Refers to reasons or activities related to the calculation and payment of taxes.

Investments

Assets purchased with the expectation that they will generate income or appreciate in the future.