One of the assumptions of LP is "proportionality."
Indicate whether the statement is true or false
TRUE
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Which element below is defined as the degree to which people perceive the implementation of company policies and procedures to be fair?
A. operational justice B. distributive justice C. procedural justice D. mechanical justice
Seeking to restore the firm's reputation takes place during this effective crisis management step:
A. Communicate quickly, but accurately. B. Follow up and, where appropriate, make amends to those affected. C. Do the right thing. D. Create and document policies and procedures.
A professor for one of your courses has assigned reading materials from various publications. He tells you that the materials are on reserve and that each student should go and copy the materials individually. He notes that for him to copy the materials for students and then sell them or distribute them would be a violation of copyright law. The professor's conduct:
a. Is unethical and violates copyright law as well. b. Is something everyone does and is accepted behavior. c. Does not really harm anyone. d. Is acceptable in an academic setting.
The equation that shows assets equal liabilities plus stockholders' equity signifies that a company:
A. Is profitable. B. Has resources equal to claims to those resources. C. Is able to pay its obligations as they come due. D. All of the other answers provide a correct statement.