What potential formal sanction primarily prevents a lawyer or accountant from violating professional (not company) codes of ethics?
a. loss of license
b. prison time
c. loss of reputation
d. guilt
a. loss of license
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The balanced scorecard focuses only on lead indicators, because lag indicators are not important for performance evaluation
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Carrying costs include storage cost, interest, and depreciation
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Ray contracted to buy 10,000 T-bolts from Maynard for $15,000, COD. Maynard delivers the bolts on a Saturday and Ray writes him a check - even though Ray does not have funds to cover the check. Ray delivers a "stop payment" notice to the bank on Monday morning before the check arrives. What is true?
a. The bank may honor the check, because Ray issued the check in bad faith. b. The bank may honor the check. c. Maynard may recover damages from the bank if it honors the check. d. Maynard may recover damages from the bank, unless it honors the check.
Greater risk aversion results in lower required returns for each level of risk, whereas a reduction in risk aversion would cause the required return for each level of risk to increase as depicted by SML
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