Which of the Following Is an Accurate Statement About an Organization's

question 69

Multiple Choice

Which of the following is an accurate statement about an organization's code of ethics?

• A) There are a few perfect models for a code of ethics.
• B) The audience for a code of ethics includes only the shareholders of an organization.
• C) The code of ethics captures every possible event from each department of an organization.
• D) The code of ethics is written for the employees to follow,and the stakeholders aren't required to follow it.

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Definitions:

Contractual Interest Rate

The agreed-upon interest rate specified in a loan or bond contract, which the borrower must pay to the lender.

Market Interest Rate

The prevailing rate of interest determined by supply and demand in the financial markets.

Straight-Line Method

A method of depreciation that allocates an equal amount of the depreciable cost of an asset to each year of its useful life.

Carrying Value

The net amount at which an asset or liability is reported on the balance sheet, calculated as original cost minus any depreciation, amortization, or impairment costs.