Managers of corporations need to act in an ethical manner
A) because ethics violations will be punished by the law.
B) because a business must be trusted by investors, customer and the public if it is to succeed.
C) because business managers must answer to a higher authority.
D) because ethical behavior is its own justification.
Answer: B
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Which of the following is a characteristic of a service?
A) The service is essentially tangible. B) The service does not result in the ownership of anything. C) The service's production is tied to a physical product. D) Services are typically produced and consumed at different times. E) A client's presence is not required for rendering a service.
Changes in account balances of Multi-Plus Inc during 2012 were: Increase Assets $420,000 Liabilities 125,000 Capital Stock 100,000 Additional Paid-In Capital 140,000 Retained Earnings ? Assuming that there were no charges to retained earnings other than dividends of $62,000, the net income for 2010 was:
a. ($7,000) b. $55,000 c. $117,000 d. $257,000 e. none of the answers are correct
Which of the following is NOT one of the goals developed during the United Nations Millennium Summit?
a. Eradicate extreme poverty and hunger b. Maximize technology infrastructure c. Achieve universal primary education d. Promote gender equality and empower women
Guidelines for effective meetings include
a. limiting meeting length and frequency. b. eliminating conflict. c. preparing an agenda immediately following each meeting. d. seeking unanimous agreement on all important issues.