Retailers Face Ethical Issues on a Regular Basis

question 37

Multiple Choice

Retailers face ethical issues on a regular basis.The following are all TRUE except:

• A) Offering bribes to overcome bureaucratic roadblocks is globally recognized as an unaccepted practice.
• B) Some years ago, doctors and lawyers who advertised their services in Canada were considered unethical.
• C) Offering bribes to overcome bureaucratic roadblocks is illegal in Canada.
• D) Ethics are the principles governing the behaviour of individuals and companies to establish appropriate behaviour and indicate what is right and wrong.
• E) Today, advertising by doctors and lawyers in Canada is considered legal.

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Definitions:

Account Groups

Classifications of accounts that share common characteristics, used to organize and summarize financial information in the general ledger.

Cash

Money in the form of bills or coins; an asset that is readily available for transactions.

Dividends

Distribution of a corporation’s earnings to stockholders.

Closed

Refers to an account, operation, or period that has been finalized and no longer available for transactions or adjustments.