Which of the Following Statements About Consumer Ethics Is Most

question 112

Multiple Choice

Which of the following statements about consumer ethics is most accurate?

• A)Consumer complaints about online auction fraud outnumber all reports of online crime.
• B)The cost to marketers of unethical consumer behavior is negligible in terms of lost sales.
• C)The potential cost to marketers of unethical consumer behavior is dramatically reduced by investing in loss prevention training.
• D)Retailers lose about $1 million dollars a day from shoplifting.
• E)At some point,every person shoplifts or participates in an unethical exchange;to retailers,it is simply the cost of doing business.

---

Definitions:

Accumulated Depreciation

The total amount of a company's asset that has been expensed for depreciation to date.

Accrued Expense

An expense that has been incurred but has not yet been paid or recorded in financial statements through standard accounting entries.

Liabilities

Financial obligations or debts owed by a business to external organizations or individuals.

Accrued Revenues

Assets (receivables) created when revenues are earned, but cash will be collected from customers in the future; created at end of period during the adjustment process to reflect the amount of revenue earned by providing goods or services over time to customers who will pay in the future.