All of the Following Are Functions of Codes of Ethics

question 115

Multiple Choice

All of the following are functions of codes of ethics except

• A) they increase public confidence in a firm or its industry.
• B) they ensure that unethical behaviour will not occur in the firm.
• C) they may help stem the tide of government regulation.
• D) they improve internal operations by providing consistent ethical standards.
• E) they help management respond to problems that arise as a result of unethical behaviour.

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Definitions:

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for, considered a current asset on the balance sheet.

Sales Collected

The actual revenue received from customers, including cash sales and collections on account receivables.

Raw Materials Inventory

The total cost or value of all the raw materials that are to be used in production and are currently stored in inventory.

Raw Materials Production Needs

The quantity and type of raw materials required to meet production targets based on the designed product and manufacturing processes.