Which ethical system states that the greatest good for the greatest number should be the overriding concern of decision makers?
A. egoism
B. relativism
C. pragmatism
D. universalism
E. utilitarianism
Answer: E
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The third step in Monroe’s Motivated Sequence, where you introduce a proposed solution to the problem is called the ______ step.
a. satisfaction b. need c. visualization d. solution
Which of the following is an argument supporting the “current operating” income recognition school of thought?
a. Most financial statement users look only to bottom-line net income to assess current performance and to make predictions regarding subsequent years’ performance. b. Under this approach, management makes the decision on whether or not an item is extraordinary and therefore excluded from the income statement. c. The summation of all income displayed on the income statement for a period of years should reflect the reporting entity’s net income for that period. d. Proper classification within the income statement allows both normal recurring items and unusual, infrequently occurring items to be displayed separately within the same statement.
Which of the following is NOT a phase of the change process?
A) Definition B) Clarification C) Action D) Sustainability
What key element of developing a successful corporate social responsibility (CSR) program is exhibited when a company meets with the community to understand the impact that water usage by its manufacturing plant will have on the surrounding areas?
A. good corporate leadership B. good stakeholder management C. integration of CSR into corporate policy in all divisions of the firm D. integration of CSR into corporate policy at all levels of the firm E. sustainable production practices