The practical rule states that an ethical decision is one that
A. is relevant to the financial effectiveness of the organization.
B. can be communicated with no reluctance.
C. best protects the rights of people affected.
D. produces the greatest good for the greatest number of people.
E. distributes benefits and harms in a fair way.
Answer: B
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Both Nestlé and Cadbury determined that a liquid chocolate confection would be one way to address the issue of India's hot weather. This is an example of:
A) differentiated target marketing. B) standardized global marketing. C) competitive global marketing. D) target benefit marketing. E) product-market decision
When a debtor satisfies a liability by exchanging an asset of lesser value, it records the transfer
A) ?on the basis of the fair value of the asset transferred and recognizes a gain on the debt restructuring. B) ?on the basis of the fair value of the asset transferred and recognizes a loss on the debt restructuring. C) ?on the basis of the future value of the asset transferred and recognizes a gain on the debt restructuring. D) on the basis of the future value of the asset transferred and recognizes a loss on the debt restructuring.
What is the most important element in a control environment?
a. Management's communication b. Management's role and example c. The hiring process d. The internal audit department
When a job is completed but not sold, the accounts affected are:
A) Raw Materials and Work-in-Process. B) Work-in-Process and Finished Goods. C) Work-in-Process and Cost of Goods Sold. D) Finished Goods and Cost of Goods Sold. E) Finished Goods and Overhead Control.