All of the following are true regarding ethics except: Multiple Choice Ethics are beliefs that distinguish right from wrong. Ethics rules are often set for CPAs. Ethics do not affect the operations or outcome of a company. Are critical in accounting. Ethics can be difficult to apply.

Organizations often have different kinds of rules and regulations.The false statement regarding ethics is that Ethics do affect the operations or outcome of a company.

Firms often have ethics that are used in the running of their business. Ethics can also be called moral philosophy. It is commonly known as that which is morally good and bad and that which is morally right and wrong.

It is often used in any firm, system or theory of moral values or principles. It influences the day to day running of a frim/business as the business is build based on the ethics of that organization.

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Ethics do not affect the operations or outcome of a company.

Explanation:

The statement above is wrong. Ethics do affect the operations or outcome for a company. A lack of ethics can even bring down a company.

For example, unethical accountants in a company could report the wrong financial statements. Financial statements are like the diagnosis for a company, if they are wrong, wrong decisions will be taken, and those wrong decisions could bring down the company.

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability