All of the following definitions of ethics are valid EXCEPT:
A) ethics has to do with my religious beliefs.
B) ethics consists of the standards of behavior our society accepts.
C) ethics has to do with what my feelings tell me is right or wrong.
D) being ethical is doing what the law requires.
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The most common type of discount is the quantity discount.
Answer the following statement true (T) or false (F)
A ________ has three characteristics: 1. a source of competitive advantage making a significant contribution to perceived customer benefits; 2. has applications in a wide variety of markets; and 3 . is difficult to imitate
A) core competency B) market sensing process C) corporate social responsibility effort D) strategic business unit E) philanthropic endeavor
Equivalent units of production are calculated because
A) some units in ending work-in-process are incomplete at the end of the period. B) sometimes departments switch from job order costing to process costing, and must recalculate units. C) the number of equivalent units must always equal the total number of physical units D) the equivalent cost per unit is used to determine the manufacturing overhead rate.
________ is a crime in which one person gives another person money, property, favors, or anything else of value for a favor in return.
A. Bribery B. Battery C. Embezzlement D. Larceny