Answered: Neutrality of information means that…

Neutrality of information means that the information is a. Not in favour of any of the employees b. All the above c. Not Beneficial to one set of employees d. Beneficial to one set of employees.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 2MC: Stakeholders are less likely to include which of the following groups? A. owners B. employees C....

See similar textbooks

Related questions

Q: A written code of ethics is a document for reference: it is never actively enforced or practiced in…

A: Disclaimer: "Since you have asked multiple questions in a single question so we answered the first…

Q: Senior executives cannot be criminally prosecuted for the wrong doings they commit on behalf of the…

A: Senior executives of the companies are responsible for their work and contribution to the companies.…

Q: Professional skepticism is a. Necessary to gain more profit. b. An attitude that includes a…

A: Professional skepticism refers to an attitude that includes an inquisitive mind and a critical…

Q: Which of the following best describes agency cost?

A: Given questions: 1. Which of the following best describes agency cost? 2. Which of the following is…

Q: Which of the following circumstances may create self-interest threats for members: a) holding a…

A: For professional accountants, some situation may cause self interest threats. It means they are…

Q: Which one is false? A. The agency is defined as a relationship by consent between two parties,…

A: Managers are the people appointed by the firm for managing its day-to-day business operations.…

Q: Statement I: In this method, the value of human resource is based on an employee's value in…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : In…

Q: Inadequacies can be linked to the public and private sectors' incapacity to govern effectively.…

A: In the given question we need to tell that whether the given statement is true or false. Statement:-…

Q: CPAs are allowed to advertise under the Rules of the AICPA Code of Professional Conduct. a. List the…

A: The process by which financial transactions of the business are recorded and communicated with the…

Q: neutral information will help the company to _____________. a. Favour one set of parties over…

A: A neutral information will help the company to Not to favour one set of parties over the another...…

Q: Mr. George faced an ethical dilemma when his manager ordered him to send the customers data to…

A: When some one is working in company under boss , then he has to follow his command , otherwise he…

Q: Burdensome employment regulations do more harm than good. If employees don’t like a particular job,…

A: Burdensome Regulatory Condition means any condition or restrictions imposed on authorizations or…

Q: According to agency theory: Select one: a. The stakeholders are the principal. b. The management…

A: AGENCY THEORY In Agency Theory there are two important terms commonly used. These terms are…

Q: Unethical acts are generally committed by unethical people. What are some things companies can do to…

A: The companies can ensure the ethical behavior of the employees by: Creating a code of ethics,…

Q: If you believe that someone is careless and irresponsible at work just because he is young. In this…

A: Experience means where the worker is performing well because he is doing the work for so many years…

Q: Performing tasks for which an accountant is not competent is unethical’

Q: Professional behaviour refers to the obligation that all members of the professional bodies: a.…

A: Professional bodies are the professional organizations whereby the professional individual tend to…

Q: Which of the following best characterizes an agency problem? Group of answer choices a spending…

A: In corporation managers are appointed by the shareholders for management of the company. There…

Q: Which of the following statements is incorrect? Select one: a. Reports produced using management…

A: Management accounting is that branch of accounting under which financial accounting information is…

Q: If a company is operating with ethical marketing behavior it: changes customer feedback to be…

A: Marketing is the most important function of business. But doing it ethically is even more important…

Q: Objectivity refers to the obligation that all members of the professional bodies: a. be…

A: A professional body is an organization whereby the individual members practice their profession.

Q: Management accounting and financial accounting differ in that management accounting information is…

A: Management accounting and financial accounting are very much similar and differ mainly in two…

Q: An act of treating employees unfairly based on their gender, age, race, etc is called?- a.…

A: discrimination is treating employees unfair and biased based on age, religion, sex etc.

Q: nternal control does not consist of policies and procedures that Select one: a. Ensure that business…

A: Internal controls are the procedure that are implemented by an entity to ensure that the financial…

Q: What is the term for an employee who detects and tries to put an end to a company's unethical,…

A: The question is related to multiple choice question.

Q: To determine if a performance obligation exists, A. none of the alternatives are correct. B.…

A: Introduction: Performance obligation: Rendering service or delivering the goods are pending , its a…

Q: Neutral information will help the company to. a. Not to Favour one set of parties over another b.…

A: Information is combination of facts that is being provided to stake holders or users for the purpose…

Q: General Ethics. Is there any moral difference between a disapproved action in which youare caught…

A: Morality is indispensable for any and everything throughout everyday life. Be it the relationship…

Q: Which of the following statements best describes the ethical standard of the profession pertaining…

A: There are various ethical standards laid down by the American Institute of Certified Public…

Q: Which of the following does not help align managerial and shareholder incentives? Question options:…

A: Antitrust law: This law is created for the purpose of saving the customers in case of a monopoly.…

Q: vorable; in fact, it sounds like the person giving the opinion does not have the proper credentials.…

A: An unqualified opinion is the Auditor's view that the financial statements are presented in…

Q: Business that are exempt from output VAT but entitle to input VAT are A. Vat Exempt Persons B.…

A: Value Added Tax is a novel form of levying tax on goods and services. It is paid to the credit of…

Q: 1 Exclusions to policies cannot be deleted and always apply. 2 Exceptions to a policy can be…

A: The correct answer is option 3 Loss arising from war is a general exclusion to commercial policies.

Q: The engagement quality control reviewer (choose he INCORRECT one) Does not otherwise participate in…

A: The Engagement quality control reviewer is an associated person of a registered accounting firm. The…

Q: A primary purpose for establishing a code of conduct within a professional organization is to: a…

A: Code of conduct is the term which is defined as the set of rules that outlines or refers the…

Q: A director’s duty to avoid a conflict of interest includes: Select one: a. Not making a personal…

A: SOLUTION- DIRECTOR'S DUTY TO AVOID A CONFLICT OF INTEREST IS LINKED TO THE DUTY - 1-NOT TO MAKE A…

Q: 14) Abusive behavior is difficult to assess and manage because of A) different rating companies. B)…

A: Introduction: This question related to the concept of business ethics and social responsibility.…

Q: Ethics Codes help companies to keep a standardized way to take decisions else the decision can be…

A: Unethical behaviour is described as activities that violate societal norms or are deemed…

Q: Which of the following is not correct regarding the agency theory of the principal-agent…

A: An agency is the relationship between two parties where the agent is represented by the principal…

Q: What according to the book can contact personnel do to handle unreasonable demands? O a. Appeal to…

A: Unreasonable demand is the demand which is not fair and reasonable. It lacks moral ethics, is…

Q: Stakeholders are less likely to include which of the following groups?A. ownersB. employeesC.…

A: Accounting is the process of recording, summarising and analysing accounting information for the…

Q: What is the lesson to be learned from the 360 survey fad? a) the 360 survey method has been found to…

A: 360 survey fad is about 360-degree feedback, which means collecting insights about the performance…

Question

Neutrality of information means that the information is a. Not in favour of any of the employees b. All the above c. Not Beneficial to one set of employees d. Beneficial to one set of employees.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

A segregation of duties among employees eliminates the possibility of collusion True / false ?
Do not copy from CHEGG Distinguish between responsibility, authority, and accountability.
A system of internal control can be rendered ineffective by employee collusion. is premised on the concept of absolute assurance. is infallible. invariably will have costs exceeding benefits. O O O O
Do not copy from CHEGG and bartleby Distinguish between responsibility, authority, and accountability.
Do not copy from bartleby Distinguish between responsibility, authority, and accountability.
Which of the following is considered a type of threat to compliance with the Rules of the Code of Professional Conduct? A. Self interest B. Illegitimate skepticism C. Lack of management participation D. Irrevocability
When an employee is in a position to detect and hide fraudulent activity, incompatible obligations exist. False or True?
Identifying ethical risks, A worker feels that fellow employees are not honest. Opportunity, pressure or rationalization?
Internal control policies and procedures have limitations not including: O Collusion. O Human fraud. O Cost-benefit principle. O Establishing responsibilities. Human error.
Why does scope creep create risk in independence? Select all that apply It can create an unfair advantage in the marketplace. It can decrease costs. It can lead to unintentionally providing a prohibited service to a restricted entity. It can cause non-compliance with KPMG policies on independence.
True or False Segregation of duties is one of the categories of control activities.
Neutral information will help the company to. a. Not to Favour one set of parties over another b. Make decision which will benefit to one group of people c. Favour one set of parties over another d. None of the above