Why is it important to have ethical codes in the field of accounting?
What will be an ideal response?
Answer: The purpose of ethics in accounting is to maintain public confidence in business institutions, financial markets, and the products and services of the accounting profession. Without ethics, all of accounting's tools and methods would be meaningless because their usefulness depends, ultimately, on veracity in their application. In addition to the business worlds many favorable opportunities and outcomes, there are also instances of misconduct. Amid public reports of unscrupulous activity, ethics remains an area in which one person who is willing to do the right thing can make a difference.
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An appurtenant easement granted to a neighboring property owner fails to state the term of the easement. How long does the easement last?
a. Perpetuity. b. The lifetime of the dominant tenement. c. 99 years. d. 55 years.
Crisis management is typically a public relations function
Indicate whether the statement is true or false