What are business ethics?
A. a situation, problem, or opportunity in which a political leader must choose among several actions
B. the moral principles and standards that guide behavior in the world of business
C. the system of rules that governs the ordering of economic value
D. the principles, rules, and values that people use in deciding what is right or wrong for themselves
E. the principles of conduct, such as caring, being honest, pursuing excellence, and showing loyalty
Answer: B
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a. resource allocation b. disturbance handling c. information dissemination d. entrepreneurial endeavors
A bailment is:
A) Characterized by a splitting of title into legal and beneficial components. B) The rightful possession of goods by someone other than the owner. C) Required to be in writing in order to be effective. D) Usually the preliminary step to a permanent transfer of goods. E) A quantity of harvested hay packaged in a size that is easy to transport.
In a unilateral contract, a promise is exchanged for an act or forbearance to act
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true concerning hedge accounting?
A. Hedges of foreign currency firm commitments are used for future sales only. B. Hedges of foreign currency firm commitments are used for future purchases only. C. Hedges of foreign currency firm commitments are used for future sales or purchases. D. Hedges of foreign currency firm commitments are used for current sales or purchases. E. Hedges of foreign currency firm commitments are entered into for speculative purposes.