Answer the following statements true (T) or false (F)

1. In low-context cultures, the presentation of ethics codes and formal procedures would be
perceived as irrelevant and, therefore, most likely ignored by the audience.
2. Low uncertainty avoidance not only accepts risk and ambiguity but embraces it.
3. Feminine cultures focus on material goods, status, accomplishment, and reward for ambition.
4. For low power distance cultures, accountability and blame should be distributed on the actual
job responsibilities of the employees.
5. In the United States, the role of a corporate ethics officer moved to the forefront in the
decision-making process of firms when the Federal Sentencing Guidelines for Organizations Act
was passed in 1991.


1. FALSE
2. TRUE
3. FALSE
4. TRUE
5. TRUE

Business

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GAAP requires that all derivative financial instruments be reported at their

A) ?historical cost. B) ?fair value. C) ?present value. D) ?par value.

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Ford Company reports depreciation expense of $41,000 for Year 2. Also, equipment costing $143,000 was sold for its book value in Year 2. There were no other equipment purchases or sales during the year. The following selected information is available for Ford Company from its comparative balance sheet. Compute the cash received from the sale of the equipment. At December 31Year 2Year 1Equipment$615,000? $758,000? Accumulated Depreciation-Equipment 432,000?  505,000? 

A. $70,000. B. $36,500. C. $41,000. D. $29,000. E. $73,000.

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Which of the following is true of shareholders?

A) They can select the board of directors who will set corporate policy. B) They have direct control over the corporation's operation. C) They do not have any right to vote. D) They are not the owners of the corporation.

Business

What are the three criteria for a successful idea in design thinking?

a. feasibility, market competitiveness, longevity b. feasibility, financial benefit, market competitiveness c. creativity, feasibility, financial benefit d. feasibility, viability, desirability

Business