Which of the Following Is One of the Four Characteristics

question 76

Multiple Choice

Which of the following is one of the four characteristics of an ethical,successful company?

• A)The company gets the best deals,even to the detriment of its vendors.
• B)It has a vision that employees may relate to but cannot use in their day-to-day work.
• C)The company emphasizes mutual benefits in its relationship with customers,clients,and vendors.
• D)It works on the belief that one's own interest comes before the interest of others.
• E)It allows flexibility of ethical norms when the financial stakes involved are very high.

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Definitions:

Bank Statements

Documents issued by banks that summarize the financial transactions (deposits, withdrawals, charges) in an account over a specific period.

Internal Control

Systems and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Cash Shortages

The situation where the cash on hand is less than the expected amount, often indicating errors or theft.

Accounts Payable

Liabilities of a business that represent amounts owed to creditors for goods and services purchased on credit.