Which Statement Relating to Ethics Is Not Correct

question 30

Multiple Choice

Which statement relating to ethics is not correct?

• A) A high standard of ethical behaviour is in the short-term interest of businesses.
• B) The accounting professional bodies have set down rules of professional conduct for their members.
• C) Ethics is concerned with whether human actions are proper or improper.
• D) Ethical decisions are often challenging to make.

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Definitions:

Imported Tables

Digital or physical tables of data that are brought into a document or database from an external source.

Markup Percent

The rate at which the cost price of goods is marked up to determine their selling price.

Selling Price

The amount for which something is sold, determined by factors such as cost, demand, and competition.

Cost

The amount of money required to produce, purchase, or maintain a product or service.