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

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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Multiple Choice

In the context of business organization, ethics focuses on how persons making business decisions apply:

moral principles and values to their actions and choices

market analysis techniques

legal requirements set by government authorities

profit-maximization strategies

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Verified step by step guidance

Understand the concept of ethics in business: Ethics in business refers to the application of moral principles and values to guide decision-making and behavior within an organization.

Identify the key focus of ethics: Ethics emphasizes the importance of making decisions that align with moral principles and values, rather than solely focusing on profit, legal compliance, or market analysis.

Differentiate ethics from other business considerations: Ethics is distinct from legal requirements (which are rules set by authorities), market analysis techniques (which focus on understanding market trends), and profit-maximization strategies (which aim to increase financial gains).

Recognize the role of ethics in decision-making: Ethical decision-making involves evaluating actions and choices based on their impact on stakeholders, society, and the environment, ensuring they are morally sound.

Apply the concept to the problem: The correct answer is 'moral principles and values to their actions and choices,' as this aligns with the definition and focus of ethics in business decision-making.