Answer following questions with short, simple & to the point :
- Classification of a company’s investments, whether short-term or long-term, depend on what the company chooses to do with the investments. If it is an investment the company will most likely not plan to sell, the odds are they would leave that as a longterm investment. What would be a reason you would make a decision to switch an investment from being longterm to being shortterm? Some people may try to adjust the classification of the investments as a means to improve the current ratio. Would you consider this as strategic move by the company or as an illusion?
- One of the elements that many believe distinguishes a profession from other occupations is the acceptance by its members of a responsibility for the interests of those it serves. A high standard of ethical behavior is expected of those engaged in a profession. These standards often are articulated in a code of ethics. For example, law and medicine are professions that have their own codes of professional ethics. These codes provide guidance and rules to members in the performance of their professional responsibilities. Ethical codes are informative and helpful. However, the motivation to behave ethically must come from within oneself and not just from the fear of penalties for violating professional codes. Is this statement true?
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