Ethical standards in business are essential for a smooth functioning economy. True or Folse
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- What is business ethics? Is it possible to teach ethical behavior in a management accounting course?Which of the following terms means knowing how a business is run and how it is influenced by external forces, and knowing and understanding the overall industry? A. commercial awareness B. conceptualization C. collaboration D. imaginationThe balanced scorecard provides an action plan for achieving competitive success by focusing management attention on critical success factors. Which of the following is not one of the competitive success factors commonly found on the balanced scorecard? a. Competitor business strategies b. Financial performance measures c. Internal business processes d. Learning and growth
- Hi, on what does it depend if this statement is true or false? "According to the organizational behavior theory, centralizing business activities is the most efficient solution to increase a company’s WACC"Business decisions rely on certain characteristics which are based on intelligent and well-informed decisions. Explain in detail these characteristics.In well-governed companies, a sense of accountability and ethical leadership create a culture that places organizational ethics above all else. What role does organizational culture play in preventing financial shenanigans from being used to manage earnings?
- Economic stakeholders are all those who invest in the economic traffic with the business and who bear part of the risk. Group of answer choices True FalseCompanies have the moral obligation to conduct ethical operations. There are many cases where companies have different outcomes in their operations because of their interpretation of what ethics is. Why do accounting ethics and its application to operations create a wide variety of outcomes across companies?(i) Explain what is meant when a business activity has high operating gearing.(ii) What are the implications for a business with high operating gearing?
- With practical examples, provide an understanding of ethical dilemma and how to use RIMS strategy toresolve ethical dilemmas in business.Why are customer relationships important to an organization? Do you agree that every business needs to focus on customers to survive in the information age?Question 1: How does Ethical reasoning affect both professional judgment and individual judgment and behavior in the accounting context? Question 2: Sustainability requires a rethinking of, economic systems and business models. Discuss and provide an example for both an economic system and business model. Question 3: Discuss the concepts of accountability, legitimacy and sustainability and the links between these concepts. How do these concepts affect the way accountability relationships are formed and the concept of stakeholders? Question 4: Sustainability standards and frameworks are diverse, political and serve different purposes, Discuss. How do these standards and reports prioritize certain stakeholders and interest groups while neglecting others? Question 5: Discuss the critical role of external accounting in enhancing accountability relationships. How can these external accounts highlight the social…
