Facebook, LinkedIn and Other Social Networking Sites Are Immune from Ethical

question 3

True/False

Facebook, LinkedIn and other social networking sites are immune from ethical challenges as that which you post on these sites is personal and may not be examined by your firm.

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Definitions:

Interest Capitalization

The process of adding unpaid interest to the principal balance of a loan, thereby increasing the total amount owed.

Capital Expenditures

Capital allocated by a corporation to purchase, improve, and manage tangible assets like land, factories, or machinery.

Long-lived Assets

Assets that are expected to provide economic benefits to a company for a period longer than one year, such as buildings or equipment.

Operating Assets

Assets required for a company's core operations and used to generate income, excluding investment and non-operational assets.