Roberto Decides Not to Cheat on His Exam Because He

question 69

Multiple Choice

Roberto decides not to cheat on his exam because he fears he will be caught and receive no credit if he is caught.In which stage of ethical development is Roberto?

• A)Post-conventional
• B)Pre-conventional
• C)traditional
• D)conventional

---

Definitions:

Ledger

A comprehensive collection of a company's financial transactions, divided into individual accounts, and recorded in a way that balances are always maintained across assets, liabilities, and equity.

Physical Inventory

The manual count of all merchandise or stock in a store or warehouse at a particular time.

Estimated Returns Inventory

A reserve of products anticipated to be returned by customers, accounting for potential future merchandise returns.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts and prepare the company’s books for the next period.