Describe the process to repair trust violations.
What will be an ideal response?
To repair trust violations, ask the following questions: Is the trustee innocent or
guilty of committing the transgression? If innocent, offer any available exonerating
information. If the trustee is guilty of the transgression, should this be attributed to the
situation or to the person? If guilty, an apology should follow. If the transgression is
attributed at least in part to the person, is the personal shortcoming fixable or is it an
enduring characteristic of the trustee? Promises may restore trust, but this would not
work if the trustee lied in the process.
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Which of the following is a term more descriptive of the term "direct costing"?
a. out-of-pocket costing b. variable costing c. relevant costing d. prime costing
Which of the following are characteristics of the ‘Old Agendas of Change’ as described by Clarke (2003)?
a. Change agenda attempts to minimize context b. Change relies on stable characteristics c. Change is about one best practice and conducted through apolitical processes d. All the above
The body of written law that defines the rights and duties of individuals and describes the power and limitations of the government is known as
a. business law. b. common law. c. constitutional law. d. moral law.
Which of the following are included in the terminal cash flow?
A) the expected salvage value of the asset B) recapture of any working capital increase included in the initial outlay C) any tax payments or receipts associated with the salvage value of the asset D) all of the above