Explain the difference between societal culture and business culture.
What will be an ideal response?
Societal culture provides a foundation for understanding moral behavior in business activities. Business cultures comprise the effective rules of the game, the boundaries between competitive and unethical behavior, [and] the codes of conduct in business dealings. Business culture affects ethical conduct both in the exchange relationship between sellers and buyers and in the competitive behavior among sellers.
You might also like to view...
A descriptive mark that is initially unavailable for protection can still become protectable if it acquires __________ meaning
a. descriptive b. geographic c. personal d. secondary
Personal computer (PC) firms are finding that they must keep on the cutting edge more than any other industry because of:
A. the relentless pace of technological change. B. their reliance on upscale retail outlets. C. the tendency of customers to switch brands frequently. D. the shrinking market.
Which of the following is true about perpetuities?
A) Since a perpetuity generates cash flows every period infinitely, the cash flow generated equals the PV times the interest rate. B) Since a perpetuity generates cash flows every period infinitely, initial cash outflow must be discounted to calculate the present value. C) Since a perpetuity generates cash flows every period infinitely, there is no way to solve for the cash flow using the present value and the interest rate. D) Since a perpetuity generates cash flows every period infinitely, its FV is the same as its PV.
Ronaldo's Roofing Company made a basket purchase of three items. Item X was appraised at $25,000; item Y was appraised at $56,000 and item Z was appraised at $69,000. The purchase price was $125,000. The amount at which item Z should be recorded (rounded to the nearest dollar) is: (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
A) $82,800. B) $69,000. C) $57,500. D) $20,833.