People can enter into a business with the highest of intentions to act responsibly, yet may find themselves behaving unethically. Why?
What will be an ideal response?
Answer: People overestimate their ability to act properly.
Explanation: This is known as the "holier-than-thou" effect. People have good intentions in the abstract, but may act differently when faced with an actual challenging situation.
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When using Q-sort scaling ________ to ________ objects is a reasonable range
A) 60; 90 B) 90; 140 C) 60; 140 D) 40; 60
Which of the following is required by the Sarbanes-Oxley Act of 2002?
A) A price-earnings ratio. B) A report on internal control. C) A vertical analysis. D) A common-sized statement.
The present value of $30,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar)
A) $23,916 B) $37,632 C) $23,700 D) $30,000
Which of the following statements about quality costs is true?
A) A low level of internal failure costs usually indicates that more attention needs to be paid to prevention and appraisal costs. B) A low level of external failure costs usually indicates that more attention needs to be paid to appraisal and internal failure costs. C) A high level of internal failure costs usually indicates that more attention needs to be paid to prevention and appraisal costs. D) A high level of appraisal costs usually indicates that more attention needs to be paid to external failure costs.