Managers of organizations are hired by Boards of Directors to perform responsibilities such as the implementation of internal control
a. True
b. False
Indicate whether the statement is true or false
True
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Answer the following statements true (T) or false (F)
1. Return on investment measures the profitability of an investment center but not the efficiency in using its assets. 2. The return on investment formula focuses on the amount of operating income earned before considering other revenue and expense items, such as interest expense. 3. The return on investment of a company is a measure of profitability and efficiency. 4. The return on investment of a company can be improved by either increasing average total assets or decreasing operating income.
The higher the score for each of the characteristics of the job characteristics model
a. The more positive are employees’ psychological states and outcomes b. The more feedback is needed to accomplish a task c. The more job characteristics are needed to accomplish the tasks d. The more negative are the employees’ psychological states and outcomes
According to ethical relativism, ________
A) ethics rely on duties based on universal rules one is morally bound to follow B) each person is presumed to have entered into a social contract with all others in society to obey ethical rules C) there are no universal ethical rules to guide a person's conduct D) people must choose an action or follow a rule that provides the greatest good to society
Consider the TVM equation: The future value is always greater than the present value, even if the interest rate is negative
Indicate whether the statement is true or false.