A salesperson asks, "What am I legally required to do with this?" when deciding whether to return competitive intelligence that was gathered by stealing company data. At which level of moral development is this salesperson operating?

A. Restricted
B. Preconventional
C. Economically
D. Principled
E. Conventional


Answer: E

Business

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A debit

a. decreases cash; b. decreases revenues; c. increases owner's equity; d. decreases drawing; e. increases liabilities.

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Audit evidence used to support an audit opinion is obtained soley from audit procedures

a. True b. False Indicate whether the statement is true or false

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Direct labor time standards express the hourly labor cost per function or job classification that exists during the current accounting period

Indicate whether the statement is true or false

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The total margin of the value chain is the difference between the total value added and the total costs incurred.

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

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