"That's a problem that is endangering the public! Our company needs to immediately stop production and solve it!" warned Daniel. His manager, Dominic, said, "Daniel, we're not going to solve any problem that means spending money. Our profits are behind plan this quarter." An unwillingness to take an ethical stand that may impose financial costs is a sign that the company has a(n) ________ that is conducive to unethical behavior.
A. distribution channel
B. legal responsibility
C. ethical climate
D. priority on managing Level 3 costs
E. corporate code
Answer: C
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Answer the following statements true (T) or false (F)
1.In Latin America, intuition often rules and, in Japanese cultures, subjectivity in decision-making is stressed. 2.Today, family members play many roles at once, which increases stress in any situation. 3.One of the challenges facing modern families today is providing emotional support for parents who become dependent on their children. 4.In an intergenerational family structure, older children who were thought to have left the homestead permanently return home, causing accommodation concerns for all involved. 5.Families whose members communicate effectively are more adaptable to changes in power structures, role relationships, and rules.
Which of the following statements characterizes a sales-type lease?
a. The lessor recognizes a dealer's profit at lease inception and interest revenue over the lease term. b. The lessor recognizes only interest revenue over the lease term. c. The lessor recognizes only interest revenue over the life of the asset. d. The lessor recognizes a dealer's profit at lease inception and interest revenue over the asset life.
The same four basic financial statements are prepared by both U.S. GAAP and IFRS.
Answer the following statement true (T) or false (F)
A person who purports to act as agent for a principal whom both the agent and the third party know to be wholly incompetent is personally liable on a contract entered into with a third person on behalf of such a principal
Indicate whether the statement is true or false