What is the first step in the ethical decision-making framework?
A. Identify the stakeholders impacted by the decision.
B. Determine the facts in an unbiased manner.
C. Identify the ethical issue at hand.
D. Discuss the issue with the stakeholders.
E. Consider how the issue will affect the stakeholders.
Answer: B
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Five situational influences have an impact on a consumer's purchase decision process. They are: ________, social surroundings, physical surroundings, temporal effects, and antecedent states.
A. perception B. purchase task C. consumer socialization D. competitive offerings E. core values
________ are rules or orders carrying the force of law that are issued by an official government agency
A) Ethics B) Regulations C) Customs D) Tariffs E) Boycotts
A company had the following purchases and sales during its first year of operations: PurchasesSalesJanuary:10 units at $1206 unitsFebruary:20 units at $1255 unitsMay:15 units at $1309 unitsSeptember:12 units at $1358 unitsNovember:10 units at $14013 units On December 31, there were 26 units remaining in ending inventory. Using the perpetual FIFO inventory costing method, what is the value of cost of goods sold? (Assume all sales were made on the last day of the month.)
A. $8,670. B. $3,270. C. $5,400. D. $5,130. E. $3,540.
Gary purchased a Personal Auto Policy (PAP) that included collision coverage. Gary lost control of his vehicle on an icy road
He slid across the center line into oncoming traffic. Another vehicle hit his car, causing severe damage to it. Ignoring any deductible, what is the insurer's liability for damage to Gary's car? A) the greater of the actual cash value or the amount necessary to repair or replace the vehicle B) the replacement cost of the vehicle C) the lesser of the actual cash value or the amount necessary to repair or replace the vehicle D) the original purchase price of the vehicle