Which of the following factors will influence ethical decision making and judgments?
A. likelihood of stakeholder responsibility
B. proactive nature of organizational sustainability
C. potential magnitude of the consequences
D. probability of ethical consensus
E. consequence of adjacencies
Answer: C
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Which concept is not an integral part of an audit?
a. evaluating internal controls b. preparing financial statements c. expressing an opinion d. analyzing financial data
To avoid ______, organizations need to continuously focus on their existing products and processes at the same time as they are investigating new innovations.
A. innovation sparcity B. organizational cultural lag C. net losses D. idea extinction
The Miracle Corporation issues 1,000, 10-year, 8%, $1,000 bonds dated January 1, 2009, at 96. The journal entry to record the issuance will show a
A) debit to Discount on Bonds Payable for $40,000. B) debit to Cash of $1,000,000. C) credit to Bonds Payable for $960,000. D) credit to Cash for $960,000.
What is compatibility error?
What will be an ideal response?