Sylvia Works Part-Time at an Office and Also Goes to School

question 41

Multiple Choice

Sylvia works part-time at an office and also goes to school in the evenings.She is considering taking supplies for a class project from the storeroom at work,even though this is against company policy.However,she changes her mind when she considers what her colleagues would think of her if they learned of such an action.Which ethical test has Sylvia used to make her decision?

• A)Long-term consequences test
• B)Legal/compliance test
• C)Fairness test
• D)Public knowledge test

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Definitions:

Unearned Revenue

Money received by a company for goods or services that have yet to be delivered or performed.

Liability

Financial obligations or debts that a company owes to outside parties, which must be settled over time through the transfer of economic benefits.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position, listing assets, liabilities, and shareholders' equity at a specific point in time.

Current Assets

Resources anticipated to be turned into cash, sold, or used up within a year or during the business's usual operating period, if that period extends beyond a year.