Bonita and Samuel Are Concerned About Some Workplace Activities on the Part

question 116

True/False

Bonita and Samuel are concerned about some workplace activities on the part of four coworkers. One employee, for example, makes frequent personal long distance phone calls, and all four take home office supplies that they don’t replace. Because management hasn’t stopped them (and even seems to be turning a blind eye), other employees are beginning to think that such activities are quite acceptable.
-The activities of the four employees are unethical because they're illegal.

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Definitions:

Accounting System

A structured process of recording, summarizing, and analyzing an organization's financial transactions.

Chart of Accounts

A systematic list of all account titles and numbers being used by an organization to organize its financial transactions and prepare financial statements.

Beach Hut

A small, often simplistic shelter or dwelling located by the beach, typically used for recreational purposes.

Income Statement

A report detailing a corporation's earnings and expenditures throughout a particular time frame, leading to either a profit or a deficit.