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:

Dirty Work

Unpleasant, difficult, or demeaning tasks often avoided by many but necessary within a specific context or job.

Oppressed Minorities

Groups within society that face systematic discrimination, marginalization, and denial of their rights, often based on ethnic, racial, religious, or gender identity.

Income Effect

The change in an individual's or economy's income and how that change affects the quantity demanded of a good or service.

Substitution Effect

The substitution effect occurs when consumers replace pricier items with less expensive alternatives as prices rise.