Which of the following statements is true about ethical cultures?
A. Decisions are expected to be taken based on laws and not on ethical values.
B. Workplace ethical cultures have no impact on decision making.
C. Employees are expected to act in responsible ways, even when the law does not require it.
D. Subordinates are expected not to act unless directed by superior authorities.
Answer: C
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The following selected account balances appeared on the financial statements of the Washington Company. Use these balances to answer the questions that follow. Accounts Receivable, Jan. 1$14,527Accounts Receivable, Dec. 316,196Accounts Payable, Jan. 14,826Accounts Payable, Dec. 318,738Inventory, Jan. 110,012Inventory, Dec. 3114,016Sales70,092Cost of Goods Sold31,033 The Washington Company uses the direct method to calculate net cash flow from operating activities. Assume that all accounts payable are owed to merchandise suppliers.
A. $39,000 B. $33,000 C. $78,423 D. $23,000
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A deterministic simulation model represents the system over a period of time
a. True b. False
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What will be an ideal response?