Which of the following duties of board members suggests that conflicts of interest are always to be resolved in favor of the corporation?
A. Duty of candor
B. Duty of care
C. Duty of good faith
D. Duty of loyalty
Answer: D
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Answer the following statements true (T) or false (F)
The role of a supporter in a meeting is to encourage silent members to participate. The most efficient and productive employees break traditional organizational norms. When brainstorming, teams should take the time to reflect on each idea and leave it on the list or eliminate it immediately to avoid wasting time on it at a later time. The voting technique of majority rule has been found to be the most effective overall, as it utilizes a more democratic approach to decision making. Groupthink occurs as members of teams begin to think alike.
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$10,600 65% Conversion costs$12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$142,100 Conversion costs$359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.The cost per equivalent unit for conversion costs for the first
department for the month is closest to: A. $48.47 B. $40.03 C. $44.58 D. $46.16
By comparing ethical theories to foreign languages, the text is suggesting that ______.
a. ethical problems are best solved by having each participant attack it using a different ethical theory b. we should seek to find common ground by adopting the same ethical theory to work on a problem c. ethical theories are rarely compatible with each other when working on ethical problems d. ethical problems are best solved by viewing them from another’s perspective
As meeting leader, Benjamin should always begin on time, even if some participants have not yet arrived
Indicate whether the statement is true or false