In the Domain of Ethical Behaviour,obedience Is To

question 80

Multiple Choice

In the domain of ethical behaviour,obedience is to:

• A) enforceable norms and standards
• B) oneself
• C) laws prescribed by the legal system
• D) unenforceable norms and standards
• E) the organisation.

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Definitions:

Accounting Principle

Guidelines and rules that govern the accounting process, ensuring accuracy and consistency in financial reporting.

Continuing Operations

The segments of a business that are expected to continue to operate into the foreseeable future, distinguishing from any discontinued operations.

Cumulative Effect

The total impact of a series of financial transactions or accounting adjustments within a specified period.

Return on Stockholders' Equity

A measure of financial performance calculated by dividing net income by shareholder equity, indicating how effectively a company uses investor funds.