Ethics refers to a firm's belief that an ongoing relationship with another firm is so important that it warrants maximum efforts at maintaining it indefinitely
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
Ethics refers to the moral principles or values that generally govern the conduct of an individual or a group. Ethics can also be viewed as the standard of behavior by which conduct is judged.
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On November 1, 2018, A-1 Products borrowed $64,000 on a 5%, 5-year note with annual installment payments of $12,800 plus interest due on November 1 of each succeeding year. On November 1, 2020, what is the balance of the Long-Term Notes Payable account? (Round your answer to nearest whole number.)
A) $38,400 B) $64,000 C) $51,200 D) $12,800
Costs that are incurred to improve quality by precluding defects and improper processing are referred to as ____________________ costs
Fill in the blank(s) with correct word
Kian is the chief financial officer of Yonkka, Inc He is also a member of Yonkka's board of directors. Kian is
a. an inside director. b. an outside director. c. holding an illegal position. d. a public director.
Monthly Statements. Steven Gerber had a joint checking account with his mother at City National Bank of Florida. Between January and May 1990, a number of checks were allegedly forged on the account. Gerber asked City National to recredit the account
for the amount of the checks, but the bank refused. In March 1992, Gerber filed a lawsuit against the bank. City National filed a motion to dismiss, claiming that the suit was barred because Gerber did not file it within a year of City National's making available to Gerber the bank statements that reflected the forged checks. Gerber argued that the only requirement was that he notify the bank of any unauthorized signatures within a year. How should the court rule?