Ethical values are personal codes of ethics that ensure that a person meets his or her individual standards of well-being.

Answer the following statement true (T) or false (F)


False

It is important to know two elements of ethical values. First, ethical values serve the ends of human well-being. Second, the well-being promoted by ethical values is not a personal and selfish well-being. Thus, ethical values are those beliefs and principles that impartially promote human well-being.

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Utah Co sold merchandise to Big Sky Corp on December 1, 2014, for $9,000, and accepted a promissory note for payment in the same amount. The note has a term of 90 days and a stated interest rate of 8%. Utah's accounting period ends on December 31. What is the actual maturity date of the note?

a. December 31, 2014 b. January 29, 2015 c. February 28, 2015 d. March 1, 2015

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The amount reported on the balance sheet throughout the life of a loan (that is, its carrying value) equals

a. the future value of the remaining cash flows discounted at the historical market interest rate. b. the present value of the remaining cash flows discounted at the historical market interest rate. c. the future value of the remaining cash flows discounted at the current market interest rate. d. the present value of the remaining cash flows discounted at the current market interest rate. e. the future value of the remaining cash flows discounted at the fair market interest rate.

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Because followers’ mistakes often are blamed on the manager, manager should avoid delegating tasks that they think their followers are not ready to do.

a. true b. false

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In practice, many people find that using a combination or hybrid approach involving analogous, bottom up, and/or parametric modeling provides the best _____

Fill in the blank(s) with correct word

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