Which of the Following Is Not True

question 4

Multiple Choice

Which of the following is not true?

• A)Research studies have found that the incidence of fraud tends to be related to the ethical environment of the organisation.
• B)Ethical conducts can be promoted through professional registration.
• C)Ethical guidelines exist to guide auditors when making client acceptance decisions,when determining the level of non-audit service fees,and on what gifts from the client can be accepted.
• D)Codes of ethics should be formal.

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Definitions:

Fixed

Refers to costs that do not vary with the level of output or production, like rent or salaries.

Long Run

A period in economics in which all factors of production and costs are variable, and firms can adjust all inputs.

Nuclear Power Plants

Facilities that use nuclear fission to generate electricity, typically by heating water to produce steam that turns turbines.

Average Total Cost Curve

A graph that shows the average total cost of producing different quantities of output, typically U-shaped, reflecting economies and diseconomies of scale.