Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

Which of the following is NOT an ethical issue that a business manager is likely to encounter?

Selecting a company logo color scheme

Deciding whether to recognize revenue prematurely to meet targets

Choosing suppliers based on fair labor practices

Reporting accurate financial information to stakeholders

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Verified step by step guidance

Step 1: Understand the concept of ethical issues in business management. Ethical issues involve decisions that have moral implications and affect stakeholders, such as employees, customers, suppliers, and investors.

Step 2: Review each option provided in the question and evaluate whether it involves an ethical dilemma. Ethical dilemmas typically involve conflicts between right and wrong or competing values.

Step 3: Analyze the option 'Selecting a company logo color scheme.' This decision is primarily aesthetic and does not involve moral or ethical considerations, making it unlikely to be an ethical issue.

Step 4: Examine the other options, such as 'Deciding whether to recognize revenue prematurely to meet targets,' 'Choosing suppliers based on fair labor practices,' and 'Reporting accurate financial information to stakeholders.' These decisions directly impact stakeholders and involve ethical considerations, such as honesty, fairness, and compliance with laws.

Step 5: Conclude that the option 'Selecting a company logo color scheme' is NOT an ethical issue, as it does not involve moral or ethical implications, unlike the other options provided.