Avoiding Misconduct and Doing What Is Right,just,and Fair Relates to a Business's

question 32

Multiple Choice

Avoiding misconduct and doing what is right,just,and fair relates to a business's

• A) economic responsibility.
• B) corporate citizenship.
• C) legal responsibility.
• D) ethical responsibility.
• E) government responsibility.

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Definitions:

Assets

Resources owned by a company that have economic value and can provide future benefits, including cash, property, and equipment.

Financial Statements

These are written records that convey the business activities and the financial performance of a company, including the balance sheet, income statement, and cash flow statement.

Statement

A formal record that summarizes financial activities or conditions, such as an income statement, balance sheet, or cash flow statement.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity.