Boundaries and constraints, when used properly, can minimize improper and unethical conduct.
Answer the following statement true (T) or false (F)
True
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Moving materials is an example of a non-value-added manufacturing activity
Indicate whether the statement is true or false
Legal constraints and ethical considerations should be considered when developing a company's pricing policy
Indicate whether the statement is true or false
Metal Company Metal Company sold merchandise to Steel Corporation on December 1, 2012, for $150,000, and accepted a promissory note for payment in the same amount. The note has a term of three months and an annual interest rate of 8%. Metal's accounting period ends on December 31. Refer to the data provided for Metal Company. What amount should Metal recognize as interest revenue on December 31,
2012? A) $ -0- B) $ 1,000 C) $12,000 D) $11,000
Tangible resources include
A. human assets and intellectual capital, which can include the talent of the work force and the creativity and innovativeness of certain personnel. B. company culture and incentive system, which includes the norms of behavior and business principles. C. reputational assets, which can include the company's reputation for quality, service, and reliability as well as its reputation for fair dealings with suppliers. D. technological assets such as patents, copyrights, and innovation technologies. E. relationships such as alliances that provide access to technologies, specialized know-how, or geographic markets.