Which of the following takes place when choosing among alternatives that are not clear cut, but that are ethical and valid?
A) Ethical lapse
B) Stealth marketing
C) Transparency
D) Distortion
E) Ethical dilemma
Answer: E
Explanation: E) An ethical dilemma involves choosing among alternatives that are not clear cut. Conflicting alternatives can be both ethical and valid, not necessarily wrong, but with consequences for several parties.
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A price relative was computed for houses. The base period is 2010 . The price relative in 2015 was 130 . The interpretation of the price relative is that
a. there has been a 130% increase in the price of houses from 2010 to 2015. b. there has been a 30% increase in the price of houses from 2010 to 2015. c. the price of houses in 2015 was $130 higher than the price in 2010. d. It is impossible to interpret the index.
Under the liability provisions of Section 11 of the Securities Act of 1933, a CPA may be liable to any purchaser of a security for certifying materially misstated financial statements that are included in the security's registration statement. Under Section 11, which of the following must be proven by a purchaser of the security?
A. The CPA committed fraud and the purchaser relied on the financial statements. B. The purchaser relied on the financial statements, but not that the CPA committed fraud. C. The CPA committed fraud, but not that the purchaser relied on the financial statements. D. Neither that the CPA committed fraud, nor that the purchaser relied on the financial statements.
An example of an overhead question is, "As you all know, we just received a $5,000 grant! We get to decide how to spend the money, as long as we can justify our reasoning. Would anyone like to make a suggestion?"
Answer the following statement true (T) or false (F)
Licensing is not a good option if the competitive advantage of a firm is based upon managerial or marketing knowledge that is embedded in the routines of the firm or the skills of its managers, and that is difficult to codify in a "book of blueprints."
Answer the following statement true (T) or false (F)