The _____ of Ethics Involves Embedding Values, Norms, and Artifacts

question 5

Multiple Choice

The _____ of ethics involves embedding values, norms, and artifacts in organizations, industries, and society.

• A)institutionalization
• B)rationalization
• C)commercialization
• D)mobilization
• E)enforcement

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Definitions:

Uncollectibles

Accounts receivable that a company has determined are unlikely to be collected and writes off as a bad debt expense.

Allowance Method

An accounting technique that anticipates and adjusts for potential future bad debts or credit losses.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues.

Allowance for Doubtful Accounts

A contra-asset account that estimates the portion of accounts receivable which may not be collected, reducing the reported amount of receivables.