Companies must adopt and disseminate a written code of ethics, build a company tradition of ethical behavior, and hold their people fully responsible for observing ethics and legal guidelines if they wish to demonstrate ethical behavior
Indicate whether the statement is true or false
TRUE
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The amortization of discount on bonds purchased as a long-term investment increases the amount of the investment account
Indicate whether the statement is true or false
"Deontology" is another name for duty ethics
Indicate whether the statement is true or false
Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Assume that Frank Company uses a perpetual inventory system.Increase = I Decrease = D No Effect = NA(Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element that is offset by a decrease in that same element.) A customer returned goods to Wetzel Co. that had been purchased for $60 on account. The goods had originally cost Wetzel $35. Wetzel credited the customer's account for the return. (Consider the effects of both parts of this event.)AssetsLiabilitiesStk. EquityRevenuesExpensesNet IncomeStmt of Cash
Flows??????? What will be an ideal response?
Which of the following is an argument used to support corporate social responsibility (CSR)?
A. The free market, not companies, should decide what is best for the world. B. CSR can be a profitable undertaking. C. Businesses are not responsible for social or environmental problems. D. Businesses don't have the expertise to make social decisions. E. All of the above are arguments used in support of CSR.