Mandatory public reporting of financial information:
a. enhances the perceived fairness of the capital market.
b. increases the total cost to society of obtaining the information.
c. results in costs greater than benefits.
d. requires companies to generate a lot of information that would not otherwise be produced by its accounting system.
ANSWER: A
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Answer the following statements true (T) or false (F)
1. Luis, the sales manager of IT Sales, mentioned to his assistant, Marla, "I just got off the phone with one of our best customers and he told me about quite a few customer service issues, and I'm glad he took the time to call. You know, most people will not call a company when they have a problem; they just tell friends, family, and coworkers." This statement about who customers call when complaining about faulty customer service is accurate. 2. The rational model assumes that managers have complete information, are able to make an unemotional analysis, and are able to make the best decision for the organization. 3. Nonrational models of decision making assume that managers have complete information and are able to make the best decision for the organization. 4. With satisficing, managers look for alternatives until they find one that is satisfactory, not optimal.
U.S. GAAP requires firms to report the assets and liabilities of defined benefit plans _______________________________________________________
Fill in the blank(s) with correct word
In the case of a corporate takeover, and the associated displacement of employees, which of the following orientations would be likely to feel or assume some personal accountability toward those employees?
a. the traditional economist b. the opportunity seeker c. the integrator d. none of these
Which of the following is the great arbiter of truth according to the tradition of theoretical reason?
A. Religion B. Norms C. Customs D. Science