Which of the Following Is a Principle Required for Ethical

question 31

Multiple Choice

Which of the following is a principle required for ethical behavior in purchasing?
(I) loyalty to employer
(II) justice to those you deal with
(III) faith in your profession

• A)III only
• B)I only
• C)II only
• D)I, II, and III
• E)II and III only

Recognize the risks associated with certain infant care practices.

Explain factors affecting early physical and emotional infant development.

Understand the basic principles and elements of contract law, including offer, acceptance, consideration, and the capacity to contract.

Identify and evaluate different types of misrepresentations (fraudulent, innocent, and negligent) and their legal consequences.

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Definitions:

Revaluation Method

An accounting technique that involves adjusting the book value of an asset to reflect its current fair market value.

Intangible

Assets that lack physical substance but have value due to their intellectual property or other non-physical qualities, such as patents, trademarks, and goodwill.

Amortisation

The systematic allocation of the depreciable amount of an intangible asset over its useful life.

Impairment

A reduction in the recoverable value of an asset below its carrying amount on the balance sheet, leading to a write-down of its value.