The Recent Rash of Business Scandals and Increased Concerns About

question 84

Multiple Choice

The recent rash of business scandals and increased concerns about the environment have created fresh interest in the issues of ________ and ________.

• A)ethics; promotion responsibility
• B)ethics; social responsibility
• C)finances; employee discrimination
• D)management ethics; cultural bias
• E)promotion; pricing

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Definitions:

Horizontal Analysis

Horizontal analysis is a financial analysis technique that compares historical financial data over a series of reporting periods, using the increase or decrease in absolute amounts and percentages to identify trends.

Income Statement

A financial statement that reports a company’s financial performance over a specific accounting period, detailing revenues, expenses, and profits or losses.

Unadjusted Trial Balance

A preliminary report that lists all accounts and their balances before any adjustments are made for accruals, deferrals, and errors.

Proper Order

A systematic arrangement or sequence that things follow which conforms to a set of rules or a standard procedure.