When ABC Company makes a legal decision that complies with contractual agreements, one can accurately assume that it is an ethical decision because it is legal
Indicate whether the statement is true or false
F
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According to the Institute of Management Accountants (IMA) Statement of Ethical Professional Practice, under the Integrity Standard, each member has the responsibility to:
a. Communicate information fairly and objectively. b. Keep information confidential. c. Mitigate actual conflicts of interest. d. Maintain an appropriate level of professional competence.
Annual net cash flows are defined as
a. annual cash inflows minus annual cash outflows. b. annual cash inflows minus annual cash outflows minus depreciation expense. c. annual revenues minus expenses. d. annual cash inflows minus capital investment.
Which of the following statements about profitability measures is NOT generally true?
A) Other things equal, the firm and other investors prefer higher profitability ratios. B) Profitability measures use values from the firm's income statement. C) Profitability measures use values from the firm's balance sheet. D) All of the above are true.
Alex's Knot Shop prices its ties at $5 intervals from $10 to $25 because most customers find these prices appealing and easier to compare. This is
A. prestige pricing. B. value in use pricing. C. price lining. D. odd-even pricing. E. penetration pricing.