Answer the following statements true (T) or false (F)
1. The standards of right and wrong that influence behavior are called ethics.
2. Ethical behavior is defined as a behavior that creates the greatest good for the greatest number of people.
3. Values are the relatively permanent and deeply held underlying beliefs and attitudes that help determine a person's behavior.
4. An organization’s value system stressing financial performance may conflict with its value system stressing cohesion among employees.
1. True
Ethics are the standards of right and wrong that influence behavior.
2. False
Ethical behavior is behavior that is accepted as “right” as opposed to “wrong” according to one’s standards. Ethical behavior in the utilitarian approach is guided by what will result in the greatest good for the greatest number of people.
3. True
Values are the relatively permanent and deeply held underlying beliefs and attitudes that help determine a person’s behavior.
4. True
Organizations may have two important value systems that can conflict: (1) the value system stressing financial performance versus (2) the value system stressing cohesion and solidarity in employee relationships.
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The conclusions and recommendations sections of a report are the most widely read parts of a business report
Indicate whether the statement is true or false
The management of Elamin Corporation is considering the purchase of a machine that would cost $365,695 and would have a useful life of 9 years. The machine would have no salvage value. The machine would reduce labor and other operating costs by $61,000 per year. The internal rate of return on the investment in the new machine is closest to (Ignore income taxes.):See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.
A. 10% B. 12% C. 9% D. 11%
Robin Corporation, a calendar year C corporation, had taxable income of $700,000, $1.2 million, and $1 million for 2017, 2018, and 2019, respectively. Robin has taxable income of $1.8 million for 2019. The minimum 2020 estimated tax installment payments for Robin are:
A. April 15, 2020, $52,500; June 15, 2020, $52,500; September 15, 2020, $52,500; December 15, 2020, $52,500. B. April 15, 2020, $52,500; June 15, 2020, $94,500; September 15, 2020, $94,500; December 15, 2020, $94,500. C. April 15, 2020, $94,500; June 15, 2020, $94,500; September 15, 2020, $94,500; December 15, 2020, $94,500. D. April 15, 2020, $52,500; June 15, 2020, $136,500; September 15, 2020, $94,500; December 15, 2020, $94,500. E. None of these.
The marketing research industry uses the term primary-source data for diverse types of data offered by one particular company.
Answer the following statement true (T) or false (F)