The name for an agreed-upon code of conduct in business, based on societal norms, is
A. business ethics.
B. strategic business points.
C. poison pills.
D. fiduciary responsibilities.
Answer: A
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Tyson is a 25 percent partner in the KT Partnership. On January 1, KT makes a proportionate distribution of $16,000 cash, inventory with a $16,000 fair value (inside basis $8,000), and land with a fair value of $8,000 (inside basis of $12,000) to Tyson. KT has no liabilities at the date of the distribution. Tyson's basis in his KT Partnership interest is $24,000. What is Tyson's basis in the distributed inventory and land?
A. $0 inventory, $8,000 land. B. $16,000 inventory, $8,000 land. C. $8,000 inventory, $0 land. D. $8,000 inventory, $12,000 land.
When using the confidence interval approach to sample size determination, if the statistic of interest is a proportion, rather than a mean, the approach to sample size determination is very different
Indicate whether the statement is true or false
What is a key element to developing our ethical competence?
A. ethical theories B. ethical solutions C. ethical temptations D. ethical dilemmas
Which one of the following adjustments will increase assets?
A) Interest incurred on money borrowed during the period but not yet paid to the bank. B) Rent revenue is recorded for amounts owed by a tenant but not yet paid. C) The use of supplies is recorded. D) Depreciation for the period is recorded.