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Distinguish between active and passive deception.Is it ever ethical to use deception in a study? Explain.
Accounting Principles
Accounting principles are the standardized guidelines and rules, such as GAAP (Generally Accepted Accounting Principles) in the U.S., that govern how financial transactions and records are reported.
GAAP
GAAP, or Generally Accepted Accounting Principles, is a set of accounting standards and practices used in the United States to govern financial reporting and ensure consistency.
Financial Accountants
Professionals who prepare financial statements and reports for companies, ensuring accurate reflection of the financial position and performance.
Stockholders' Approval
The formal consent given by shareholders for certain corporate actions, often required by law or corporate bylaws.
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