Telling organizations that their ethical responsibilities end with obedience to the law:
A. reduces the frequency of corporate scandals.
B. is just inviting more legal regulation.
C. eliminates ambiguity while making personal ethics-related decisions.
D. is enough to maintain an ethical business environment.
Answer: B
You might also like to view...
One reason management may choose the straight-line method of depreciation is because it is easy to compute
a. True b. False Indicate whether the statement is true or false
"The number and geographical location of the buyers and non-buyers" is a factor that should be considered in the "objectives" component of the environmental context of the problem
Indicate whether the statement is true or false
Nonprofits begin to identify business opportunities by surveying the business’s ______.
A. risks B. assets C. members D. opportunities
U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is not true?
a. Under the capital, or finance, lease method, the lessor records the signing of a capital lease the same as if the lessor sold the leased asset for an installment note receivable. b. Under the capital, or finance, lease method, the lessee recognizes interest expense on the lease liability, similar to recognizing interest expense on long-term notes or bonds. c. Under the capital, or finance, lease method, the lessor amortizes the leased asset, similar to recognizing depreciation on buildings and equipment. d. Under the capital, or finance, lease method, the lessee records the leased asset and the lease liability on the balance sheet at the present value of the contractual cash flows at the time of signing the lease. e. The capital, or finance, lease method, treats leases equivalent to installment purchases or sales, where the lessee borrows funds from the lessor to purchase the asset and the lessor recognizes profit at the time of sale.