Describe each of the identified ethical approaches: Golden Rule, four-way test, and stakeholder approach.
What will be an ideal response?
The Golden Rule is one approach that says to basically treat others as you would want to be treated. Rotary International’s four-way test asks four questions: (1) Is it the truth? (2) Is it fair to all concerned? (3) Will it build goodwill and better friendship? (4) Will it be beneficial to all concerned? If the answers are yes, then the action is probably ethical. The stakeholder approach tries to create a win–win result for all involved stakeholders.
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When using ratios to discover financial statement fraud, what is typically the most important aspect to evaluate?
a. The size of the ratio b. The direction of the ratio c. The change in the ratio d. The complexity of the ratio
Real property can be turned into personal property by detaching it from the land.?
Indicate whether the statement is true or false
All of the following are true about a stationary time series EXCEPT
a. its statistical properties are independent of time. b. a plot of the series will always exhibit a horizontal pattern. c. the process generating the data has a constant mean. d. there is no variability in the time series over time.
If Proctor and Gamble (P&G) were to package a Gillette Fusion ProGlide Razor with its Old Spice Pure Sport Anti-Perspirant & Deodorant, P&G would be engaged in ________.
A. a BOGO deal B. product repositioning C. product differentiation D. product modification E. product bundling