The failure to disclose a current employee's conduct that resulted in dismissal and harm to a prospective employer is a breach of ethics
Indicate whether the statement is true or false
TRUE
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Exhibit 11-1 On January 1, Year 1, Hills purchased equipment for $350,000. The equipment had an estimated useful life of ten years and an estimated residual value of $50,000. Use the double-declining-balance method to answer the following question(s). ? ? Refer to Exhibit 11-1. How much depreciation should Hills record on the asset in year 2?
A) $16,000 B) $24,000 C) $56,000 D) $48,000
Which of the following do social activists commonly decry as being a double standard?
a. a developing country business that tries to hide its use of sweatshops b. an American company that sometimes bribes local American officials for preferred treatment c. an American company that bribes government officials in other countries that form part of its supply chain d. an American company that ignores union rules and works its domestic employees far past legal hours
Who is involved in the due diligence process?
a. only angel investors b. only venture capitalists c. angel investors and venture capitalists d. banks
In making short-term business decisions, what should you do?
a. Use a traditional costing approach b. Focus on total costs c. Separate variable from fixed costs d. Focus only on quantitative factors