If a Publicly Traded Company Is Trying to Maximize Its

question 23

Multiple Choice

If a publicly traded company is trying to maximize its perceived performance,as reported to decision makers external to the corporation,the company is most likely to understate which of the following on its balance sheet?

• A)Assets.
• B)Liabilities.
• C)Retained earnings.
• D)Contributed capital.

---

Definitions:

Institutional Racism

"The manipulation of social institutions to give preferences and advantages to Whites and at the same time restrict the choices, rights, mobility, and access of people of color."

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.

Institutional Racism

A system of policies and practices entrenched in established institutions, which result in the unfair disadvantage to individuals or groups based on race.

Cultural Competency

The ability to understand, appreciate, and interact effectively with people from different cultures.