How does a code of ethics differ from an organization’s vision statement?
a. It addresses acceptable behavior for specific situations, not general aspirations for
behavior.
b. It describes aspirations for employee behavior, not future organizational aspiration.
c. It deals with organizational culture, not acceptable behavior in specific situations.
d. It articulates an organization’s purpose, not its future aspirations.
b. It describes aspirations for employee behavior, not future organizational aspiration.
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What does the phrase, "Revenue is recognized at the point of sale" mean?
a. Revenue is recorded in the accounting records when the goods are received from a supplier, and reported on the income statement when sold to the customer. b. Revenue is recorded in the accounting records and reported on the income statement when the cash is received from the customer. c. Revenue is recorded in the accounting records when the goods are sold to a customer, and reported on the income statement when the cash payment is received from the customer. d. Revenue is recorded in the accounting records and reported on the income statement when goods are sold and delivered to a customer.
In the market growth stage of the product life cycle, firms usually earn smaller profits than they did in the market introduction stage, because new competitors enter the market.
Answer the following statement true (T) or false (F)
A stock price has a historical volatility of 24%. If an anomalous event occurs to the company in the next past two days, which was not anticipated, what is the most likely implied estimate of the unconditional volatility using the GARCH model?
A) 12% B) 20% C) 27% D) 45%
A limited partnership is a special form of a general partnership
a. True b. False Indicate whether the statement is true or false