Which of the Following Is an Example of an Ethical

question 73

Multiple Choice

Which of the following is an example of an ethical lapse?

• A)putting unsigned suggestions in the company suggestion box
• B)sharing confidential information with a new employer about your previous (competing)employer's major clients
• C)telling your supervisor that another employee is stealing office supplies
• D)providing incorrect data in a report,even though you did not know it was incorrect at the time
• E)sharing a negative earnings report with your supervisor

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Definitions:

Current Portion

The portion of long-term liabilities that is due to be paid within the next twelve months.

Operating Lease

A leasing agreement that allows for the use of an asset but does not convey rights of ownership, often treated as an operational expense rather than a capital expense.

Lease Liability

An obligation representing the present value of future lease payments under a leasing agreement.

Present Value

The current valuation of a future sum or ongoing cash flows, given a specified rate of interest.