In the Context of the History of Business Ethics, Identify

question 9

Multiple Choice

In the context of the history of business ethics, identify a dramatic change that has taken place in the business environment over the past five decades.

• A)The increased presence of an employee voice has made employees feel more comfortable speaking out against actions of their employers that they feel to be irresponsible.
• B)The issue of corporate social responsibility has advanced from a core performance-assessment issue with clearly estab­lished legal liabilities to an abstract debate.
• C)Corporate ethics has moved from the domain of finance and marketing departments into the human resource department.
• D)Very few number of organizations are willing to commit to sharing their resources with all their stakeholders.

Grasp the accounting treatments for contributed capital, including premiums and discounts.

Understand how share-based compensation is accounted for and the differences between GAAP and IFRS approaches.

Recognize the legal and financial aspects of corporate reserves and restrictions on dividends and retained earnings.

Analyze the financial effects of stock splits and treasury stock transactions on a company's financial statements.

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Definitions:

Actuarially Determined

Usually pertaining to pension schemes, insurance, or finance, calculated based on actuarial methods and assumptions about future events.

Pension Expense

the cost recognized by an employer for the benefits provided to employees' post-retirement, calculated based on projected obligations and plan assets.

Pension Expense

represents the cost incurred by an employer for maintaining a retirement benefits plan for its employees over a specific period.

Defined Benefit Pension Plan

A type of pension plan where an employer promises a specified pension payment upon retirement, determined by an employee's earnings history, tenure of service, and age.