List several questions you should ask yourself to help ensure that you are communicating responsibly and ethically
Guidelines include asking the following questions: (1) Is the information stated as truthfully, honestly, and fairly as possible? (2) Are the ideas expressed clearly and understandably? (3) Are unpleasant ideas stated tactfully and positively to preserve the receiver's self-worth and to build future relationships? (4) Does the message embellish or exaggerate the facts? (5) Is your viewpoint supported with objective facts? (6) Are graphics carefully designed to avoid distorting facts and relationships?
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Under the modified cash basis,
a. there are no prepaid assets; b. there are no long-term assets; c. expenses are recognized when incurred; d. there is no accounts receivable account; e. the accounts payable account is used to recognize all services received on account.
Advocates of competencies say that they can empower employees to take charge of their own development.
Answer the following statement true (T) or false (F)
Rusty is the president of The Huge Insurance Company. His Vice-President in charge of Finance comes to him one day and says "Rusty, our combined ratio for the year is 95%
" Rusty replies, "Wooo hooo, profit sharing bonuses for everyone!" Why isn't Rusty upset about this combined ratio? A) The company probably made enough money on its investments to make up for the underwriting losses. B) The company has actually made a profit on its insurance business. C) Rusty is not very bright and doesn't understand what the combined ratio really means. D) The combined ratio is not an important indicator of underwriting results.
A holder in due course will take free of which of the following defenses?
a. Infancy, to the extent that it is a defense to a simple contract. b. Discharge of the maker in bankruptcy. c. A wrongful filling-in of the amount payable that was omitted from the instrument. d. Duress of a nature that renders the obligation of the party a nullity.