Consider the following situation: Local livestock farmers could allow the runoff of manure nutrients into a stream that feeds a local lake because polluting the stream helps farmers in the short term. However, farmers will act ethically in the short run to avoid harming others in the long run because doing so is also in the farmer's best long-term interests. This type of thinking reflects the _____ approach to deciding ethical dilemmas.
A. individual
B. group
C. moral-rights
D. utilitarian
E. justice
A. individual
Ethical behavior in the individual approach is guided by what will result in the individual's best long-term interests, which ultimately are in everyone's self-interest. The assumption here is that you will act ethically in the short run to avoid others harming you in the long run.
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Which of the following reflects SFAS No. 109’s position regarding tax-loss carryforwards?
a. A tax-loss carryforward should not be recorded because future benefits are uncertain. b. Any excess of the tax-loss carryforward over deferred tax liabilities should not be booked. c. A tax-loss carryforward coming from an acquired corporation should not be recognized. d. A tax-loss carryforward should be booked as an asset in most cases.
A company sold $12,000 worth of bicycles with an extended warranty. The company's experience is that warranty expense averages 2% of sales. The company should:
A. Recognize warranty liability when the company purchases the bicycles. B. Consider the warranty expense a contingent liability. C. Recognize warranty expense at the time the warranty work is performed. D. Consider the warranty expense a remote liability since the rate is only 2%. E. Recognize warranty expense and liability in the year of the sale.
Which of the following is an important cultural factor that should be considered by global marketers?
A. competitive synergy B. language C. natural resources D. technology sensitivity E. level of economic development
Color can be used by retailers to create a mood or focus customer attention on a particular product.
Answer the following statement true (T) or false (F)