Employees Who Are Similar in Their Level of Skill, Performance

question 78

Multiple Choice

Employees who are similar in their level of skill, performance, or responsibility should receive similar pay; allocation of outcomes should not be based on differences such as gender, race, or religion. This is an example of which rule of ethical decision making?

• A) Justice rule
• B) Moral rights rule
• C) Utilitarian rule
• D) Practical rule

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Definitions:

Available-for-sale

A classification of financial assets indicating they can be sold in the future, not held to maturity or for trading immediately.

Derecognition

The removal of an asset or liability from a company's balance sheet when it is no longer controlled or owes it.

Financial Assets

Assets that are cash, an equity instrument of another entity, a contractual right to receive cash or another financial asset, or a contract that will or may be settled in the entity's own equity instruments.

AASB 101

The Australian Accounting Standards Board statement that outlines the presentation of financial statements.