Why is the enforcement of ethical standards important? What amount of enforcement should be used?
What will be an ideal response?
Decisions that pertain to ethical infractions, and the enforcement of ”penalties” for those infractions, demonstrate, and enforce ethical standards. Enforcement could cause a leader to be unpopular, but consistency in enforcement, with few if any exceptions will help compensate and illustrate the fairness of enforcement. Leader should be careful to enforce when necessary, and not overemphasize enforcement, as this increases the risk of negative fallout. It could appear that this consistent enforcement is leading through fear, but careful use, along with fairness and consistency actually reinforces leading with love (tough love).
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The number of days' sales in inventory is the same as a company's accounting cycle
a. True b. False Indicate whether the statement is true or false
Financial forecasts are required by lenders because they want to know how they will be paid back; investors will use the forecasts to value the company.
Answer the following statement true (T) or false (F)
____________ exposure occurs when there is a time lag between when a transaction takes place in a foreign currency and when payment is made.
Fill in the blank(s) with the appropriate word(s).
On the balance sheet, the cumulative amount of depreciation expense recognized to date on a fixed asset is called:
A) accumulated amortization. B) accumulated depreciation. C) amortization expense. D) depreciation expense.