Describe the important ethical concepts steaming from information technology.

What will be an ideal response?


Intellectual property-intangible creative work that is embodied in physical form. Copyright-the legal
protection afforded an expression of an idea, such as a song, video game and some types of proprietary
documents. Fair use doctrine - it is legal to use copyrighted material in certain situations. Pirated software

- the unauthorized use, duplication, distribution or sale of copyrighted software. Counterfeit software-
manufactured to look like the real thing and sold as such.

Business

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After preparing a bank reconciliation, adjustments must be made for items reconciling the book balance.

Answer the following statement true (T) or false (F)

Business

In calculating residual income, the minimum rate of return is set by top management and is the same as the hurdle rate used for return on investment

Indicate whether the statement is true or false

Business

The Scanlon plan typically _____.

a. uses employee committees to calculate and pass on savings to the employees b. sets group piece-rate standards and pays weekly bonuses when those standards are exceeded c. identifies favorable employee behavior and rewards employees who adhere to the standards d. uses employee unions to encourage and promote a positive environment in an organization

Business

Robert has power and a strong sense of urgency but he has been known to use this power to coerce and manipulate. Social issues can be emotive and he can be a hindrance for resolution. Robert is an example of a:

a. dependent stakeholder b. dangerous stakeholder c. definitive stakeholder d. dominant stakeholder

Business