Attorney Jimmy Blue represented the plaintiff in a contract dispute that was nearing trial. To encourage a compromise, Blue e-mailed the defendant, Christina Tapia, instead of contacting Tapia's attorney. Blue told Tapia that $12,500 would be a fair settlement for the case and indeed Blue did believe it would be. Blue has acted ethically
Indicate whether the statement is true or false
F
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Which of the following provides an explanation of why the variable overhead rate is separated from the fixed overhead rate in standard costing?
A) There is no justifiable reason; their separation is merely to simplify entries. B) Both calculations divide by the same direct labor hours, but the numerator is different for each calculation. C) The variable overhead rate is calculated using actual direct labor hours, whereas the fixed overhead rate is calculated using normal capacity direct labor hours. D) The behavior of costs, used for computing variable overhead rate and fixed overhead rate, differs.
Manufacturers use product development strategies to create new products for new markets
Indicate whether the statement is true or false a. True b. False
The distinction between internal and external secondary data is based on the _____
a. focus of the data (company or industry) b. firm collecting the data (government or commercial research house) c. cost of data collection d. source of the data (within or outside the firm)
What factors should an entrepreneur consider when deciding on an entry strategy?
What will be an ideal response?