The Statement Relating to Ethics That Is Not True Is

question 30

Multiple Choice

The statement relating to ethics that is not true is:

• A)A high standard of ethical behaviour is in the long-term interests of an organisation.
• B)Ethical decisions are always easy to make.
• C)Ethics is concerned with whether human actions are proper or improper.
• D)Stakeholders deserve ethical behaviour from a firm's management.

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Definitions:

Limited Partner

A limited partner participates in a partnership with limited liability and typically does not participate in the day-to-day management of the business, contrasting with a general partner who has unlimited liability.

General Partners

Individuals in a partnership who are responsible for managing the business and are personally liable for its debts.

Distribution of Assets

The process of allocating a company's or an individual's assets among rightful claimants or heirs.

Dissolution

The process of formally closing or ending a business or legal entity.