Which of the Follow Statements Regarding Ethics Is False

question 31

Multiple Choice

Which of the follow statements regarding ethics is false?

• A)Ethics is concerned with how we act and how we make decisions.
• B)Accountants are bound by professional ethics.
• C)Most professional bodies have ethical standards that members must follow.
• D)A casual bookkeeping employee,who is not a member of any professional association,need not adhere to professional accounting ethics.

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Definitions:

Hour-long Facial

A skincare treatment lasting approximately 60 minutes, focused on improving the health and appearance of the skin on the face.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for competition on factors other than price.

Pure Competition

A market structure characterized by a large number of sellers offering identical or very similar products, with no single seller able to influence prices.

Break-even Points

The level of production or sales at which total costs equal total revenue, resulting in no net loss or gain.