What is the common characteristic of Aristotle's virtues and ethical standards for CPAs?
A. Truthfulness
B. Integrity
C. Loyalty
D. Due care
B. Integrity
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Which of the following options presents the right sequence of activities in developing a strategic plan for services?
A. First, identify the target market for the firm’s services; second, determine the firm’s core competency; third, define its mission and its high-level corporate goals and objectives. B. First, determine the firm’s core competency; second, identify the target market for the firm’s services; third, define its mission and its high-level corporate goals and objectives. C. First, define its mission and its high-level corporate goals and objectives; second, determine the firm’s core competency; third, identify the target market for the firm’s services. D. First, determine the firm’s core competency; second, define its mission and its high-level corporate goals and objectives; third, identify the target market for the firm’s service.
If you were required to estimate the average return for one category of securities for the coming year, history tells us that you should have the greatest degree of confidence estimating which of the following?
A) Long-term government bonds B) 3-month U.S. Treasury bills C) Small-company stocks D) Large-company stocks
Mohammad was an employee in the new product development department of Estay Inc Mohammad was directly involved in the development of a new product that Estay intended to launch in 6 months. Estay took great care to keep information concerning the new product a secret. Ceries, Inc, a competitor of Estay, persuaded Mohammad to leave Estay to direct Ceries' marketing department. Which statement is
correct? A)Mohammad can share with Ceries the confidential information he knows about Estay's new product because he was directly involved in its development. B)Mohammad can share with Ceries the confidential information he knows about Estay's new product because his agency relationship with Estay is terminated. C)Mohammad cannot share with Ceries the confidential information he knows about Estay's new product because of the equal dignities rule. D)Mohammad cannot share with Ceries the confidential information he knows about Estay's new product because he has a duty not to disclose confidential information he acquired during the agency.
Why is the balanced scorecard method said to be "balanced"?
A) It uses measurable dimensions for assessing performance. B) It assesses both the internally focused and externally focused business processes. C) It measures performance along all major divisions of a firm, from production and manufacturing to human resources. D) It measures performance of all levels of a firm, from executives to operational employees and data workers. E) It measures performance of more than just financial systems.