Answer the following statement(s) true (T) or false (F)

1. Authority is much more important than responsibility. Responsibility is mostly superfluous.
2. By claiming authority, you also assume responsibility.
3. One of the causes of the 2007 recession may have been unethical practices by financial firms.
4. Bribery is not a big deal if it benefits stakeholders.
5. As long as you bribe officials outside of the United States, the practice is legal and ethical.


1. False
2. True
3. True
4. False
5. False

Business

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Amanda buys a vacuum cleaner to use in her home from retailer Andy. Amanda promises to pay for it in six monthly installment of $50 each. Andy assigns the contract to Big Finance Co who paid value and took without notice of any defense. Amanda has stopped making payments because the vacuum stopped working and Andy refuses to honor the express warranty he made to her at the time of the sale. Big

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What will be an ideal response?

Business