A government or political party that strictly derives its ethics and laws from a specific religious book is an example of ________.
A. utilitarianism
B. ethical fundamentalism
C. ethical relativism
D. Kantian ethics
Answer: B
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The Engine Division of Magnificent Motor Corporation uses 5,000 carburetors per month in its production of automotive engines. It presently buys all of the carburetors it needs from two outside suppliers at an average cost of $100 . The Carburetor Division of Magnificent Motor Corporation manufactures the exact type of carburetor that the Engine Division requires. The Carburetor Division is
presently operating at its capacity of 15,000 units per month and sells all of its output to a foreign car manufacturer at $106 per unit. Its cost structure (on 15,000 units) is: Variable production costs $70 Variable selling costs 10 All fixed costs 10 Assume that the Carburetor Division would not incur any variable selling costs on units that are transferred internally. Refer to Magnificent Motor Corporation. What is the minimum of the transfer price range for a transfer between the two divisions? a. $96 b. $90 c. $70 d. $106
Griffith Corporation is considering an investment in a labor-saving machine. Information on this machine follows: Cost $30,000 Salvage value in five years $0 Estimated life 5 years Annual depreciation $6,000 Annual reduction in existing costs $8,000 Refer to Griffith Corporation. Assume for this question only that Griffith Corporation uses a discount rate of 16 percent to evaluate projects of
this type. What is the project's net present value? Present value tables or a financial calculator are required. a. $(6,283) b. $(3,806) c. $(23,451) d. $(22,000)
Based on various demographics, the LGBT community is declining in importance to marketers and public relations organizations
Indicate whether the statement is true or false
Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet?
A) The percentage-of-receivables approach B) The percentage-of-sales approach C) The percentage-of-accounts written off method D) The direct write-off method