The Following Behavior Is an Example of Ethical Consideration Within

question 65

Multiple Choice

The following behavior is an example of ethical consideration within business relationships:

• A) keeping company secrets.
• B) communicating with customers.
• C) whistleblowing.
• D) obeying environmental laws.
• E) donating to local charities.

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Definitions:

Pre-acquisition

The period or activities related to acquiring assets or another company before the actual transaction is finalized.

Retained Earnings

Retained earnings reflect the cumulative amount of net income earned by a company that is kept within the company after dividends are paid to shareholders.

AASB 3

Specifies the accounting requirements for business combinations, detailing how an acquirer should recognize and measure the assets acquired, the liabilities assumed, and any non-controlling interest in the acquiree.

Revaluation

The process of adjusting the book value of a fixed asset or foreign currency to reflect current market values.