Jack is working overseas, and has been asked by a superior to present a government official with a cash payment in order to secure a contract. This makes Jack uncomfortable since he does not feel it is right, yet he worries about upsetting his boss. Jack is facing
a. political-legal trends.
b. an ethical dilemma.
c. a moral-rights approach by his boss.
d. an idealistic situation.
e. sociocultural trends.
b. an ethical dilemma.
An ethical dilemma is a situation in which you have to decide whether to pursue a course of action that may benefit you or your organization but that is unethical or even illegal.
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Catherine wanted to purchase a digital camera. Hence, she visited an online retailer's website to learn more about the different features and capabilities of the device. Catherine went to a big-box store to make other purchases. She sees the camera there and purchases it. Which of the following terms describes Catherine's actions?
A. Channel migration B. Phishing C. Channel expansion D. Automated retailing E. E-tailing
A company's "climate for action" is a corporate culture ________.
A) that encourages communication, change, and growth B) that is focused on strong, top-down command and control C) that is aimed exclusively at period earnings D) that discourages physical activity, sports, and recreation to improve employee health and morale
The income statement provides information for assessing the operating profitability of a firm. One tool used for analysis is the common-size income statement that expresses
a. each expense and net income as a percentage of revenues. b. each revenue and net income as a percentage of expenses. c. each expense and net income as a percentage of total assets. d. each expense and net income as a percentage of shareholders' equity. e. each revenue and net income as a percentage of shareholders' equity.
A rule that says that an accountant is liable for negligence to third parties who are projected users of the client's financial statements is known as ________
A) the foreseeability standard B) the Ultramares doctrine C) the due diligence defense D) the privity of contract