Telling others, inside or outside the organization, about wrongdoing is called.
A. egoism.
B. moral consequences.
C. whistleblowing.
D. ethical shadowing.
E. ethical interference.
Answer: C
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When a notes receivable is outstanding at the end of an accounting period, ________.
A) no adjusting entry is needed B) the revenue recognition principle requires that earnings from the note be recorded in the year the cash is received C) the total interest on the note should be recorded in an adjusting entry D) the interest revenue earned on the note up to year-end is part of that year's earnings
The current ratio of a firm would be increased by which of the following?
A) Land held for investment is sold for cash. B) Inventories are sold for cash. C) Inventories are sold on a credit basis. D) Equipment is purchased, financed by a long-term debt issue.
A flexible-price policy is most often used where products are not standardized and where bargaining is common.
Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
Immersion in business can be cured by limiting work to eight hours a day.