What is confidential information?
What will be an ideal response?
Confidential information is spoken or written information that is private or secret and should be
released only to people with a proven need to know. Confidentiality is another important
aspect of ethics. Right-to-privacy laws have been passed to legislate confidentiality in certain
instances. Information that should be kept confidential includes medical, financial, and court
records because confidentiality laws protect these types of information. Information about new
products and technologies must be kept confidential so that it does not become available to
competitors.
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Barrera Corporation provides the following financial information:
Calculate the target rate of return. (Round your answer to two decimal places.)
A) 21.41%
B) 78.67%
C) 27.23%
D) 61.84%
Rent expense appears on which of the following statements?
A. Balance sheet. B. Income statement and balance sheet. C. Income statement. D. Statement of cash flows and balance sheet. E. Statement of retained earnings.
In a special order decision, unavoidable current fixed costs are taken into consideration in setting a sales price
Indicate whether the statement is true or false
Many benefits from creating a team occur:
a. Over the long run after completing many projects b. During the process of completing the first project c. When the team has a good relationship with managers d. After a team successfully completes the first project