Operating Income Excludes Each of the Following, Except

question 154

Multiple Choice

Operating income excludes each of the following, except:

• A) Interest expense.
• B) Income taxes.
• C) Depreciation.
• D) Prepaid expenses.

---

Definitions:

Corporate Cultures

The collective ethos and environment that influence how employees behave and interact within an organization.

Corporate Codes

Formal statements of values, ethical principles, and guidelines for conduct expected from employees and the organization as a whole.

Codes of Conduct

Written guidelines designed to set out acceptable behaviors for members of a particular group, organization, or profession.

Ethical Behavior

Conduct that is in accordance with accepted principles of right and wrong governing the conduct of a profession.