Kelly Is the Controller of a Small Company

question 17

Multiple Choice

Kelly is the controller of a small company. One day the CFO comes in and tells her to lower the estimate of uncollectible accounts receivable. Kelly insists her numbers are correct as is. The CFO tells her it will mean her job at the company if she doesn't go along with the smaller estimate. The primary virtue that would enable Kelly to resist the pressure to manipulate the number is:

• A) Loyalty
• B) Integrity
• C) Caring
• D) Civic responsibility

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Definitions:

Short-run Problem

Temporary issues faced by businesses or economies that do not affect the long-term performance, often related to fluctuations in demand or supply.

Farm Incomes

The earnings obtained from the practice of agriculture, including the sale of crops, livestock, and other farm-related products.

U.S. Farm Products

Goods produced by the agricultural sector in the United States, including crops, livestock, and dairy products.