Answer the following statements true (T) or false (F)
1. A moral manager does not focus proactively on ethical issues nor does he or she try to
purposely go against the social and legal norms that are expected of the firm by society.
2. The relationship between stakeholders and the firm is based on mutual moral and ethical commitments.
3. A low level of trust allows stringent corporate governance structures to be developed to
monitor the actions of the top-level managers.
4. The triple bottom-line is not just a link between stakeholders and the firm but is also a
valuable tool the firm uses to enhance its long-term sustainability from both a financial and a nonfinancial perspective.
5. A benefit corporation is an organization that integrates financial, social, and environmental objectives.
1. FALSE
2. TRUE
3. FALSE
4. TRUE
5. TRUE
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On July 1, 2014, Falcon Company received a $20,000 promissory note from Jordyn Company. The annual interest rate is 5%. Principal and interest are paid in cash at the maturity date of June 30, 2015. If Falcon's fiscal year ends September 30, 2014, an adjusting entry is needed to:
a. Increase interest revenue by $1,000 b. Increase notes receivable by $250 c. Increase interest receivable by $250 d. Increase notes receivable by $1,000
Xiang, who created a new genetically altered plant by grafting in the laboratory, can obtain a plant patent for his invention
Indicate whether the statement is true or false
Are distributions always normal?
What will be an ideal response?
All assets subject to amortization have the same recovery period.
Answer the following statement true (T) or false (F)