The SHRM Code of Ethics Dictates That HR Professionals Should

question 79

Multiple Choice

The SHRM code of ethics dictates that HR professionals should do all but which of the following?

• A) Maintain loyalty to employees when confronting top management.
• B) Uphold all laws and regulations relating to employer activities.
• C) Maintain the confidentiality of privileged information.
• D) Maintain the highest standards of professional and personal conduct.

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Definitions:

Weighted Average

A calculation that takes into account the varying weights or importance of different elements in a data set, often used in accounting and inventory management.

Inventory Units

The quantity of individual items or products that a company holds in stock at any given time.

Cost Flow Assumption

An accounting method used to value the cost of goods sold and ending inventory.

Specific Identification

Specific Identification is an inventory valuation method where costs are assigned to individual items, allowing for precise cost determination of sold goods.