Which of the Following Statements Does Not Describe Why Accounting

question 24

Multiple Choice

Which of the following statements does not describe why accounting regulation is needed?

• A) If a process is regulated, even though people might not understand the regulation they are more likely to have confidence in it.
• B) Regulation is put in place to protect the favoured positions of those with capital.
• C) Regulation is put in place so that the interest of the public is served.
• D) If the financial system is regulated, the resulting increased community confidence will lead to a reduced cost of capital for all firms.

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Definitions:

Organizational Citizenship Behaviors (OCBs)

Voluntary, extra-role activities performed by employees that contribute to the organization's effectiveness but are not part of their formal job responsibilities.

Affect

A broad term that encompasses a range of feelings and emotions individuals experience, often influencing behavior and decision-making.

Low-Mach Individuals

People characterized by their low Machiavellianism; they tend to be straightforward, honest, and trusting in their dealings with others.

Unethical Behavior

Actions that violate moral principles or professional standards, often for personal benefit or gain.