Why is "ethics" considered a normative discipline?
What will be an ideal response?
To say that ethics is a normative discipline is to say that it deals with norms: those standards of appropriate and proper (or "normal") behavior. Norms establish the guidelines or standards for determining what we should do, how we should act, what type of person we should be.
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Inventory is an example of a nonmonetary asset
Indicate whether the statement is true or false
There is a general discomfort with invasion of privacy among consumers. To guard against a breach of security, CRM systems must have ________ in place to prevent hacking and protect the privacy of customers.
Fill in the blank(s) with the appropriate word(s).
Partial income statements of Company A and Company B are provided below
Company A Revenue $80,000 Expenses: Utilities Expense $5,000 Salaries Expense 15,000 Rent Expense 3,2000 Total Expenses 23,700 Operating Income $56,300 Company B Revenue $50,000 Cost of Goods Sold: Beginning Merchandise Inventory $4,000 Purchases and Freight In 23,000 Ending Merchandise Inventory (5,500 ) Cost of Goods Sold 21,500 Gross Profit $28,500 Which of the following statements is true? A) Company A is a merchandising company. B) Company B is a manufacturing company. C) Company A is a manufacturing company. D) Company A is a service company.
When interest rates are stated or given for loan repayments, it is not assumed that they are annual percentage rates (APRs) unless specifically stated otherwise
Indicate whether the statement is true or false.