Which of the Following Questions Is Not a Part of the Framework

question 24

Multiple Choice

Which of the following questions is not a part of The Framework for Ethical Decision Making?

• A) How will others be affected by my decision?
• B) How likely am I to be discovered doing something unethical?
• C) How will I feel after the decision is known?
• D) Is this action legal?
• E) Is this decision in line with my personal values?

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Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been subtracted from total revenue.

Related Party Transaction

Financial transactions between entities that are considered to have a special relationship, such as companies with common ownership.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that aim to standardize financial reporting around the world.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's operating cycle if longer.