Potential conflicts of interest are likely to become unethical if the employee __________.
A. has his or her judgment impaired by the conflict
B. discloses the conflict to his or her employer
C. resigns before damage is done
D. all of the above
Answer: A. has his or her judgment impaired by the conflict
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Because the allowance method results in better matching, accounting standards require its use rather than the direct write-off method, unless bad debts are immaterial
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. The statement of stockholders' equity has less information than the statement of retained earnings. 2. The statement of stockholders' equity has more information than the statement of retained earnings because it reports the changes in all stockholders' equity accounts. 3. The statement of stockholders' equity reports the number of shares and any changes during the year in preferred, common, and treasury stock. 4. The statement of stockholders' equity does not show the changes to the Retained Earnings account because that information is provided in the statement of retained earnings. 5. To compare companies of different sizes, investors need some standard profitability ratios.
The buying process starts with ________, in which the buyer recognizes a need or want
A) problem/opportunity recognition B) information search C) product awareness D) product interest E) evaluation of alternatives
A footwear company specializing in the production of ballet shoes normally produces shoes for women. The company is hired by several customers to produce shoes for men. Which of the following should the manufacturer consider in order to achieve economies of scale in shoe production?
A. the amount of shoe production cost compared to the typical costs incurred in shipping B. the amount of shoe storage cost compared to the typical costs incurred in shipping C. the cost associated with efforts to increase customers that might also place orders for men's shoes D. the cost of producing one type of shoe at a time in large quantities and storing them for future sales E. the level of effort required to retool the company's manufacturing plant to produce only men's shoes