Describe the four steps in the ethical decision-making framework and include some questions that should be asked in each step.
What will be an ideal response?
1. Identify issues: What are the issues?
2. Gather information and identify stakeholders: How widespread is the practice? Who are the stakeholders? Which groups are raising questions? What are their concerns?
3. Brainstorm and evaluate alternatives: What are the possible courses of action?
4. Choose a course of action: What are the advantages and disadvantages of each alternative course of action? What potential legal issues may be involved? Does the decision being made meet the stated decision-making criteria? What are the ethical issues?
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Discuss three common problems associated with inventories
Tower Company owns 85% of Hill Company. The two companies engaged in several intra-entity transactions. There were no excess fair-value amortization amounts to account for. Each company's income before income tax and dividend income for the current time period follow, as well as the effects of intra-entity gross profits on remaining inventory which are included in the separate net income amounts. No income tax accruals have been recognized within these totals. The tax rate for each company is 30%. Tower CompanyHill CompanySeparate income before income tax (excluding equity or dividend income from Hill)$200,000$80,000Intra-entity gross profit on remaining inventory (included in income above)25,00010,000Dividend income from Hill10,200 Dividends declared15,00012,000?Using the percentage
allocation method for assigning income tax expense, the income tax expense assigned to Hill is closest to: A. $0. B. $21,000. C. $17,400. D. $24,000. E. $20,400.
When negotiators act as agents-when they are not only presenting their own issues and interests but also the perspective of others who may or may not be at the table-they are in a situation called an audience relationship.
Answer the following statement true (T) or false (F)
Explain the importance of the concept of active listening.
What will be an ideal response?