In a short essay, list and discuss the six core ethical values that are recommended to guide the behavior of board members.
What will be an ideal response?
a. Honesty—it is expected that board members will be truthful and forthright with their
decisions
b. Integrity—it is expected that board members will act with honor and that their actions and decisions will always coincide with the ethical vision and standards of the firm
c. Loyalty—it is expected that board members should avoid all deals that benefit their self-interests instead of the interests of the stakeholders
d. Responsibility—it is expected that board members will fulfill all their assigned
responsibilities and that their actions will be transparent
e. Fairness—it is expected that board members will make all decisions and treat others in a fair and respectful manner
f. Citizenship—it is expected that board members will act as good citizens for the communities in which the firm has operations
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An example of an international financial and trade institution is:
A. International Monetary Fund. B. World Trade Organization. C. World Bank. D. All of these answers are correct.
The following information describes a product expected to be produced and sold by Quark Corporation:Selling price……………………………$33 per unitVariable costs…………………………$27 per unitTotal fixed costs………………………$855,000 per yearRequired:(a) Calculate the contribution margin per unit.(b) Calculate the break-even point in units.
What will be an ideal response?
Which of the following are the two basic elements to consideration?
a. Bargained-for exchange and legal sufficiency. b. Legal detriment and legal benefit. c. Legal sufficiency and legal adequacy. d. Promise and forbearance.
Minimum contacts with a jurisdiction are never enough to support jurisdiction over a nonresident defendant.
Answer the following statement true (T) or false (F)