A Client Asks His Accountant to Ignore a Mistake Which

question 58

Multiple Choice

A client asks his accountant to ignore a mistake which overstated the accounts receivable account. The accountant decides that the accounts receivable account has to be corrected to state the correct amount. The accountant makes his decision based on his duty to society, respect for authority, and maintaining the social order. Which stage of Kohlberg' Stages of Moral Development is the accounting reasoning?

• A) Stage 2
• B) Stage 3
• C) Stage 4
• D) Stage 5

Comprehend the concept of specialization of labor and its importance for organizational success.

Understand the significance of quality control and its historical development within management practices.

Understand the core principles of scientific management and its impact on modern organizational practices.

Recognize the contributions of key figures in the field of management, including Frederick W. Taylor, Frank and Lillian Gilbreth, and Henry Fayol.

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Definitions:

Square Root

A value that, when multiplied by itself, gives the original number.

Coefficient Of Correlation

A statistical measure that calculates the strength and direction of the linear relationship between two variables, represented by values between -1 and 1.

Coefficient Of Determination

A measure used in statistical analysis that assesses the goodness of fit of a model, representing the proportion of variance in the dependent variable that is predictable from the independent variable(s).

Regression Analysis

A statistical method for modeling the relationship between a dependent variable and one or more independent variables.