According to the Text,why Do Most Employees in Organizations Succumb

question 38

Multiple Choice

According to the text,why do most employees in organizations succumb to questionable ethical standards or only follow formal policies?

• A) Most people are in the conventional and principled levels of moral development.
• B) Few organizations develop and enforce very stringent codes of ethics.
• C) Most people are in the preconventional and conventional levels of moral development.
• D) Few people in an organization are considered stakeholders or stockholders.
• E) Most people exhibit behavior that is close to the principled level of moral development.

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Definitions:

Revenue

The aggregate financial gain acquired by a company from its essential sales activities involving goods or services.

Credit Normal Balance

The usual balance side for credit accounts, typically seen in liabilities, equity, and revenue accounts.

Adjusting Entry

Journal entries made at the end of an accounting period to update accounts for accurate financial reporting.

Closing Entry

A journal entry made at the end of an accounting period to transfer temporary accounts to permanent accounts and prepare the books for the next period.