Which Statement Best Describes an Ethical Decision Reached During a Collaborative

question 10

Multiple Choice

Which statement best describes an ethical decision reached during a collaborative writing project?

• A) I will take public responsibility for my actions related to the project.
• B) All information on the Internet is in the public domain, and I may use it without acknowledging the source.
• C) I will not concern myself with grammatical accuracy because other group members will correct my errors.
• D) If I run out of time to finish my part of the assignment, other group members will take up the slack.

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Definitions:

Temporary Accounts

Accounts used to collect revenues, expenses, and dividends information which are then transferred to permanent accounts at the end of the accounting period.

Closed

Refers to an account or period that has been concluded and no longer accepts entries or transactions.

Accrual Basis

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash is exchanged.

Adjusting Entries

Journal entries made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.