A(n) ________ is a manager responsible for communicating and teaching ethical standards to all employees and monitoring their conformity to those standards.
A. ethics interpreter
B. ethics ombudsperson
C. stockholder
D. ethics manager
E. ethics director
Answer: B
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According to the Germanic culture cluster, the most desirable leadership behavior is ______.
A. charismatic/value-based leadership B. participative leadership C. self-protective leadership D. autonomous leadership
Dracor Company is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is expected to cost $280,000 with a 7-year life, no salvage value, and will be depreciated using straight-line depreciation. The expected annual income related to this equipment follows. Compute the (a) payback period and (b) accounting rate of return for this equipment.Sales?$900,000?Costs:???Manufacturing$545,000??Depreciation on machine40,000??Selling and administrative expenses249,000(834,000)?Income before taxes?66,000?Income tax (30%)? ( 19,800)?Net income?$ 46,200?
What will be an ideal response?
Madison Corporation purchased 40% of Jay Corporation for $125,000 on January 1. On June 20 of the same year, Jay Corporation declared total cash dividends of $30,000. At year-end, Jay Corporation reported net income of $150,000. The balance in Madison's Equity Method Investments-Jay Corporation account as of December 31 should be:
A. $370,000. B. $173,000. C. $77,000. D. $197,000. E. $125,000.
A breach of a contract is a failure to perform it.
Answer the following statement true (T) or false (F)