People Who Believe in _____ Go with the Flow Because

question 48

Multiple Choice

People who believe in _____ go with the flow because they feel the events in their lives are uncontrollable.

• A)ethical decision making
• B)internal locus of control
• C)an ethical culture
• D)external locus of control
• E)significant others.

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Definitions:

AASB 124

An accounting standard issued by the Australian Accounting Standards Board relating to disclosures of related party transactions and relationships.

Related Party Disclosures

Financial reporting requirements that mandate entities to disclose transactions and relationships between the reporting entity and its related parties.

Control

In the context of financial reporting, control refers to the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

Shareholding

The ownership interest represented by holding shares of stock in a company.