Which of the following is true of ethical decision making?
A. Ethics can present a different perspective and give a new dimension to organizational decision making.
B. Codes of ethics ensure that organizational ethical standards are followed.
C. Ethical decisions are merely a set of rules.
D. Ethics guide people in making decisions that are completely based on factors that have already been specified.
Answer: A
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Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements—Interest Income (assume that cash received is equal to amount reported)—indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
a. Add to net income to arrive at net cash flows from operating activities b. Subtract from net income to arrive at net cash flows from operating activities c. Not used to adjust net income to calculate net cash flows from operating activities
Michael believes that the only motorcycle anyone should ever buy is a Harley-Davidson. Whenever he sees the Harley Davidson logo on a product, he knows that product is a leader in the market. What source of differentiation has Harley Davidson achieved?
A. price B. service C. convenience D. image E. personnel
In a limited-liability company (LLC), the members are personally liable for the debts of the business
Indicate whether the statement is true or false
On December 31, 2016, Jerry's, Inc borrowed $500,000 by signing a five-year, 8% note payable
The note is payable in five yearly installments of $100,000 plus interest, due at the end of every year beginning on December 31, 2017. What amount represents the current portion of Long-term Notes Payable at December 31, 2016? What will be an ideal response