Mary works in the public relations department of New Trends Sales Company. Her job includes portraying New Trends's activities in their best light. In this context, ethics consist of
a. a different set of principles from those that apply to other activities.
b. the same moral principles that apply to non-business activities.
c. those principles that produce the most favorable financial outcome.
d. whatever saves New Trends's "face.".
b
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An example of a step-fixed cost would be:
a. the cost of factory insurance because the insurance company increased the premium. b. the cost of supervision since a second supervisor was added to oversee the new second shift. c. depreciation of equipment because it is computed on the units of production method. d. utility costs because it costs more to heat the building in the winter.
In preparing the statement of cash flows, determining the net increase or decrease to cash requires the use of
A) the adjusted trial balance. B) the current period's retained earnings statement. C) a comparative balance sheet. D) a comparative income statement.
The components needed to produce a computer clock cost twenty-five cents. What should the price of the computer clocks be in the third month of the selling season?
A) $14.52 B) $10.13 C) $7.27 D) $5.68
A business takes a risk by electronically storing its customers' credit account numbers.
Answer the following statement true (T) or false (F)