The Ethics Review Board at XYZ College Is Composed of Students

question 31

Multiple Choice

The Ethics Review Board at XYZ College is composed of students who were elected by the student body. When a student is charged with an ethics violation, the Board meets to hear both sides of the dispute in a confidential meeting. Their decisions are not binding on the parties, according to college policies. They are acting as:

• A) Ombudsmen
• B) Negotiators
• C) A peer review team
• D) Conciliators
• E) Facilitators

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Definitions:

Fixed Assets

Long-term tangible assets, such as buildings, machinery, and equipment, used in the operations of a business and not intended for resale.

Investing Activity

Transactions involving the purchase or sale of long-term assets and other investments, part of a company's cash flow statement.

Statement Of Cash Flows

A financial statement that shows the cash inflows and outflows for a company over a period of time.

Noncurrent Assets

Long-term assets that are not expected to be converted into cash within one year, such as property, plant, and equipment.