Explain the difference between Act and Rule Utilitarianism.
What will be an ideal response?
Act--right choice in a particular case; Rule--generally preferred in most situations
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A senior vice president is an example of what level of manager?
A. first-line B. top C. leadership D. middle E. merit
Answer the following statements true (T) or false (F)
1. Although the direct method is easier to use, the Financial Accounting Standards Board (FASB) prefers the indirect method of reporting cash flows from operating activities. 2. When preparing the statement of cash flows, the amount of net cash provided by operating activities differs between the direct and indirect methods. 3. The net cash provided by operating activities is calculated in the same way, whether the company uses the direct or the indirect method of preparing the statement of cash flows. 4. The cash flow from investing activities section appears exactly the same, whether the company uses the direct or the indirect method to prepare the statement of cash flows.
Data mining is the application of statistical techniques to find patterns and relationships among data for classification and prediction.
Answer the following statement true (T) or false (F)
One limitation of the net present value approach to investments is that investments with identical net present values may have very different cash flows
Indicate whether the statement is true or false