Which Statement Relating to Ethics Is Not Correct

question 21

Multiple Choice

Which statement relating to ethics is not correct?

• A) A high standard of ethical behaviour is in the long-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 always easy to make.

---

Definitions:

Risk Management

The process of identifying, assessing, and controlling threats to an organization's capital and earnings, including both strategic and operational risks.

Risk Sharing

The practice of distributing risks among different parties to reduce the impact on any single entity.

Risk Breakdown Structure

A hierarchical decomposition of risks into categories and subcategories within a project or organization.

Master Schedule

A comprehensive plan that outlines the key activities and timelines necessary to complete a project or operation within the specified time frame.