Ethical relativism holds that moral standards ought to be based on an individual's feelings of what is right or wrong

Indicate whether the statement is true or false


TRUE

Business

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Which of the following items does the auditor ask the client to send to its legal counsel requesting information about asserted claims?

a. A letter of audit inquiry. b. A management representation letter. c. A management letter. d. A loss reserve confirmation.

Business

Which of the following is NOT a component of the staffing function?

a. organizing b. selecting c. training d. compensation e. placement

Business

Which of the following statements about communication processes is (are) true?

A. The buyer starts the communication in the customer-initiated interactive communication process. B. The seller starts the communication in the traditional communication process. C. Targeting is important in both traditional and customer-initiated interactive communication. D. Noise can distract the process in traditional and customer-initiated interactive communication. E. All these statements are true.

Business

Which of the following is true regarding capital?

A. In most firms, different possible opportunities compete for capital. B. The marketing manager should leave all decisions about a marketing plan's budget to the firm's financial manager. C. Marketing managers do not consider financial measures as screening criteria when evaluating opportunities. D. Few firms have a separate financial manager who works with top management on major financial decisions. E. None of these statements is true.

Business