The significance of the moral minimum approach lies in its recognition that compliance with the law is insufficient for being an ethically responsible business.
Answer the following statement true (T) or false (F)
True
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Which statement does not support the claim that an unconditioned ethical directive such as the one the economic model of corporate social responsibility demands of business management is inappropriate for utilitarian theory?
A. It is claimed that once market failures are adequately addressed by the government, business just needs to obey the law that addressed them. Business, however, has the ability to inappropriately influence government policy and the law. B. Markets can work to prevent harm only by first-hand experience with harms that have to occur before they can be remedied. C. Business has the ability to influence consumers' desires by helping shape those desires through advertising. D. A more precise formulation of a utilitarian-based principle would be to maximize profit whenever doing so produces the greatest good for the greatest number, with the proviso that managers must consider the impact a decision will have in many ways other than merely financial.
Discuss the conditions under which a company might consider using price cuts or price increases
What will be an ideal response?
Asset impairment occurs when the fair value of a long-term asset exceeds its carrying value
Indicate whether the statement is true or false
In a job-order costing system, the use of indirect material would usually be reflected in the general ledger as an increase in
a. stores control. b. work in process control. c. manufacturing overhead applied. d. manufacturing overhead control.