Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior.
Answer the following statement true (T) or false (F)
True
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A company has been sued for product failures allegedly resulting in injuries to the individuals bringing the lawsuit. The company's lawyers believe it is more than remote, but less than probable, that the lawsuit will result in an actual liability. Which of the following actions should be taken by the company's management?
A) The liability should be estimated and recorded as an expense. B) The situation should be described in a note to the financial statements. C) The possible liability should be ignored. D) Management should consider resigning.
Leader-member exchange (LMX) theorists argue that leaders have
a. one leadership style that they use with everyone b. individualized, personal relationships with each member of their group c. two dominant styles, backed up by two supplementary styles d. three dominant styles, backed up by three complementary styles
A . Under the Code, what constitutes an "express" warranty? How does an express warranty arise? b. Which of the following would be an express warranty? Explain. (1) "This is the best computer available in town." (2) "This car has new brakes." (3) "This
sample is just like the one in the box." (4) "In my opinion, this is a better video recorder than the one made by RCA." (5) "As a mechanic, I think this car is in good running order and should give you no problems for at least three months."
Jack Grubman was involved in which of the following activities at Citi?
a. Embezzlement b. IPO allocations to clients c. Negative analysis of WorldCom stock and performance d. All of the above