Which of the Following Statements About Ethics Audits Is False

question 21

Multiple Choice

Which of the following statements about ethics audits is false?

• A)They provide an opportunity to measure conformity to the firm's desired ethical standards.
• B)Social audits and ethics audits perform basically the same function,so organizations can use them interchangeably.
• C)They provide an objective method for demonstrating a company's commitment to improving strategic planning,including its compliance with legal and ethical standards and social responsibility.
• D)They can be a component of social audits.
• E)They are systematic evaluations of an organization's ethics program and performance to determine whether it is effective.

---

Definitions:

Straight-Line Depreciation

A strategy for spreading out the cost of a material asset through equal yearly payments over its period of usability.

Yearly Depreciation Expense

The amount of the cost of tangible assets apportioned for a specific fiscal year using methods like straight-line depreciation.

Depreciable Cost

The total cost of a tangible asset minus its estimated residual value, over which the cost is allocated during its useful life.

Double-Declining-Balance Method

An accelerated depreciation method that doubles the straight-line depreciation rate, applying it to the remaining book value of an asset each year.