Given that business transactions between two parties are mutually beneficial and freely entered into, social norms of equal treatment and fairness or questions as to what social goods are promoted or threatened are not ethically relevant to the transactions.
Answer the following statement true (T) or false (F)
False
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Which of the following is NOT characteristic of companies with innovative cultures?
a. flexibility b. encouragement of risk taking c. open systems d. a well-established change process
In an accounting context, which of the following represents the degree of consensus among measurers in situations where a given group of measurers having similar instruments and constraints group measures the same attribute of a given object?
a. Bias b. Equality c. Objectivity d. Impartiality
Operating information that has not been stated in dollar terms is called ________ measure
a. appraisal b. internal failure c. prevention d. nonfinancial
A negative consequence of boycotting a product made in a sweatshop may be that___________________.
a. The factory workers may be fired b. Customers may perceive the “free rider” benefits of supporting the boycott c. Customers increase their level of social and personal self-esteem d. Consumers feel better about themselves