Answer the following statements true (T) or false (F)
1. The values that an individual uses to interpret whether any particular action or behavior is considered legal or illegal are called ethics.
2. The collective values of a business organization that can be used to evaluate whether the behaviors of the organization’s collective members are considered acceptable and appropriate are called business ethics.
3. Within the analytical ethics context, there is no interpretation of the facts or assumptions concerning why certain courses of action took place.
4. From a legal standpoint, analytical ethics would address the “motive” behind the actions
instead of just being satisfied with a description of the actions.
5. The supporters of the ethical egoism theory would argue that businesses should focus solely on their own self-interests and maximize their level of profitability by developing a strong competitive advantage.
1. FALSE
2. TRUE
3. FALSE
4. TRUE
5. TRUE
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Creative strategies refer to _______
A) the way marketers translate their messages into a specific communication B) the amount of creative content in a communications message C) the degree of innovation involved in the marketing of a product D) the novelty of a marketing communication E) the type of medium used to deliver a marketing communication
Pail, Inc. holds 100 percent of the common stock of Shovel Company, an investment acquired for $680,000. Immediately following the combination, Pail's net assets have a book value of $1,150,000 and a fair value of $1,390,000. The book value and the fair value of Shovel's net assets on the date of combination are $400,000 and $550,000, respectively. Immediately following the combination, a consolidated balance sheet is prepared.Based on the information given above, what will be the amount of net assets reported in the consolidated balance sheet, prepared immediately following the combination?
A. $1,150,000 B. $1,700,000 C. $1,830,000 D. $1,550,000
The American National Standards Institute (ANSI) does not set standards, but maintains procedures for the development of national standards and accredits committees that follow those procedures
a. True b. False Indicate whether the statement is true or false
Martin, who wants to sell his house, authorizes his concierge, William, to find a potential buyer and finalize a deal above a stipulated price. William contracts Chris, a real estate broker, and intends him to only find a potential buyer and send him or her over to William for the sale. Martin then contracts ReNowait Goodhouses, a home improvement company, to renovate the house. ReNowait completes its work and Martin pays the company. Chris then searches for a suitable buyer and finds one in George. George buys the house and Chris is paid for his services. In this scenario, what role does ReNowait Goodhouses perform?
A. agent B. independent contractor C. principal D. trustee