Individuals can be ethical leaders if they have a strong moral character, regardless of which issues attract their attention.
Answer the following statement true (T) or false (F)
False
When individuals are both personally moral and are moral managers, they will truly be ethical leaders. They can have strong personal characters, but if they pay more attention to other things, and ethics is managed by benign neglect, they won't have the reputation as ethical leaders.
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Which of the following usually occurs at a corporation's first board meeting?
A) The articles of incorporation are filed. B) Bylaws are enacted. C) The face value of the stock to be issued is decided. D) A certificate of incorporation is issued.
The before-tax cost of debt for a firm, which has a marginal tax rate of 40 percent, is 12 percent. The after-tax cost of debt is ________
A) 4.8 percent B) 6.0 percent C) 7.2 percent D) 12 percent
Collateral refers to:
a. a company's ability to extend credit to a customer b. the debtor's ability to pay c. the debtor's financial condition d. the debtor's reputation e. the debtor's assets to secure debt
Liquidated Damages versus Penalties. Every homeowner in the Putnam County, Indiana, subdivision of Stardust Hills must be a member of the Stardust Hills Owners Association, Inc, and must pay annual dues of $200 for the maintenance of common areas and
other community services. Under the association's rules, dues paid more than ten days late "shall bear a delinquent fee at a rate of $2.00 per day." Phyllis Gaddis owned a Stardust Hills lot on which she failed to pay the dues. Late fees began to accrue. Nearly two months later, the association filed a suit in an Indiana state court to collect the unpaid dues and the late fees. Gaddis argued in response that the delinquent fee was an unenforceable penalty. What questions should be considered in determining the status of this fee? Should the association's rule regarding assessment of the fee be enforced? Explain.