Professional Behaviour Refers to the Obligation That All Members of the Professional

question 49

Multiple Choice

Professional behaviour refers to the obligation that all members of the professional bodies:

• A)refrain from disclosing information to people outside of their workplace that is learned as a result of their employment.
• B)not allow their personal feelings or prejudices to influence their professional judgement.
• C)ensure that they do not harm the reputation of the accounting profession.
• D)be straightforward and honest.

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Definitions:

Marginal Revenue Product Schedule

This schedule outlines how the marginal revenue product (the additional revenue generated by employing one more unit of a resource) changes as the quantity of the resource employed increases, holding other factors constant.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at various prices.

Output Per Hour

A measure of productivity calculated by dividing the total output of goods and services by the total hours worked.

Marginal Productivity

The additional output that is produced by adding one more unit of a particular input while holding all other inputs constant.