What Are the Principles and Standards That Guide Our Behavior

question 63

Multiple Choice

What are the principles and standards that guide our behavior toward other people?

• A) Personal Morals
• B) Ethics
• C) Organizational culture
• D) Laws

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Definitions:

Reported Net Income

The final profit figure stated in a company's financial statements, as reported to shareholders and used for earnings per share calculations.

Accrued Payroll

Salaries and wages that have been earned by employees but have not yet been paid by the company.

Consolidated Statements

Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as a single entity.

Retrospectively

Relating to the application of changes or the analysis of past events or periods in a manner that considers previous conditions or policies as if they were still in effect.