As more firms enter an industry, intense _____ occurs, because the industry's established standards and proprietary rights no longer provide the exclusivity they once did.
A. employee growth
B. consumer adaptation
C. product differentiation
D. competition shakeout
E. financialbreakthrough
Answer: C
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When making a difficult decision, Matthew considers whether his response is true and fair. He also asks himself if the response will build goodwill and be beneficial to all concerned. It appears Matthew is using the ______ ethical approach.
A. Golden Rule B. four-way test C. stakeholders’ approach D. discernment and advice
The two cardinal rules that financial analysts should follow to avoid capital budgeting errors are: (1) in the NPV equation, the numerator should use income calculated in accordance with generally accepted accounting principles, and (2) all incremental cash flows should be considered when making accept/reject decisions.
Answer the following statement true (T) or false (F)
At its discretion, a court may grant the equitable remedy of injunction against breach of a contractual duty where damages would be inadequate
Indicate whether the statement is true or false
Indirect costs are often pooled, and not allocated individually because:
A. the benefits of individual allocation of indirect costs are greater than the costs. B. individual allocation would be more accurate. C. individual allocation would be tedious. D. individual allocation would be more timely.