Whenever faced with a difficult customer, the owner of the shoe store remembered what the original store founder, his grandfather, had done in similar situations and did the same. In other words, the grandson based his decision on the deontological ethical theory.
Answer the following statement true (T) or false (F)
False
This is describing the casuist ethical theory, which is a theory that compares a current ethical dilemma with examples of similar ethical dilemmas and their outcomes.
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Notes payable may be issued to creditors to satisfy previously created accounts payable
a. True b. False Indicate whether the statement is true or false
In a market pricing relationship, people see each other as interchangeable because the deal is more important than the relationship.
Answer the following statement true (T) or false (F)
Paul Light criticizes social entrepreneurship ______.
A. as a fantasy B. as stewardship C. as a tool for innovation D. for encouraging collaborations
Phyllrox Co, a large manufacturer, purchased a forklift from Brown's Equipment Co Phyllrox made a down payment in cash and signed a promissory note for $7,500 . For $7,200 Brown's sold the note to Corporate Bank, who took it in good faith without notice of any problems with it. After Phyllrox used the forklift for two weeks, it broke down and could not be repaired. Phyllrox refuses to make any
more payments to Corporate Bank. In this case: a. Phyllrox can assert the failure of the forklift as a defense to making payments to Corporate Bank. b. Corporate Bank is a holder in due course. c. Both of these are correct. d. Neither answer is correct.