Janice Is a Staff Accountant in the Accounting Firm of Obama

question 47

Multiple Choice

Janice is a staff accountant in the accounting firm of Obama and Biden. She is assigned to the audit of HealthCare Associates. On the very first day Janice noticed that the accounting manager of the client took money out of the petty cash fund and put it in his pocket. The best action for Janice to take is:

• A) Ignore the situation because Janice doesn't know why the manager pocketed the money
• B) Inform her immediate supervisor of what she observed
• C) Tell another staff accountant who is a friend and ask for her advice
• D) Tell Obama or Biden

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Definitions:

Classes

Social categories reflecting differences in economic status, lifestyle, education, and occupational prestige among various groups within a society.

Apartheid System

A policy or system of segregation or discrimination on grounds of race, specifically referring to the former socio-political system in South Africa.

Social Stratification

The arrangement or classification of society into hierarchical layers based on socioeconomic factors like wealth, income, race, education, and power.

Income Inequality

The unequal distribution of income among individuals or households within a particular society or area.