Bill, the manager of Just Right Gelato, acts with integrity and honesty because he believes in a system of rules that governs the ordering of values. The system of rules that directs Bill's behavior is known as
A) compulsion.
B) philosophy.
C) law.
D) ethics.
E) justice.
D) ethics.
Explanation: Ethics is the system of rules that governs the ordering of values. By applying ethical standards that direct them to act with integrity, managers believe that they and their organizations and communities thrive over the long term.
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Rounding all the way is:
A. usually not as accurate as rounding to a specific place value. B. always gives a new value that is higher than the original number. C. always gives a new value that is lower than the original number. D. not possible with some numbers.
A method used to determine if specific programs are achieving goals is called ______.
A. systems theory B. program evaluation C. statistical benchmarking D. effectiveness evaluation
Which statement is true about the gross profit method?
a. It may not be used to estimate inventories for annual statements. b. It may not be used to estimate inventories for interim statements. c. It may not be used by insurers of inventory. d. It may not be used for internal estimates of inventory.
The three common ways for a business to raise the capital it needs to grow are with earnings, equity, and debt.
Answer the following statement true (T) or false (F)