Taking on a Responsibility You Know Can Be Better Completed

question 108

Multiple Choice

Taking on a responsibility you know can be better completed by someone else would violate the ethical conduct standard of

• A)competency.
• B)confidentiality.
• C)credibility.
• D)integrity.

---

Definitions:

Interest Allowance

A sum that lenders may offer to borrowers, reducing the effective cost or total amount of payable interest on a loan.

Interest Allowance Method

A method used in accounting to allocate payments on an installment loan between the principal and the interest expense.

Capital Investment

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Mutual Agency

A principle in partnership where each partner has the authority to bind the partnership in contracts and agreements, affecting all partners.