What type of ethical misbehavior did UK managers rate highest in incidence among the most common they witnessed?
a. taking credit for others’ work
b. lying about being sick
c. performing low-quality work
d. defrauding customers
c. performing low-quality work
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The accounting concept that states expenses should be matched with the revenues they helped to produce is the
a. contra-account concept; b. allowance method; c. uncollectible accounts technique; d. matching principle; e. contra-revenue principle.
A financial manager is evaluating a project which is expected to generate profits of $100,000 per
year for the next 10 years. The project should be accepted if A) the cost of the project is less than $1,000,000. B) this project's expected profits are higher than any other projects the corporation has available. C) the cost of the project is less than the present value of $100,000 per year for 10 years. D) the present value of the project's cash inflows exceeds the present value of the project's cash outflows.
Primary emphasis in the economic model of social responsibility is on
A. quality of life. B. conservation of resources. C. market-based decisions. D. production. E. firm's and community's interests.
When planning a meeting
a. the first step is to determine the type of meeting b. you should state at least three objectives for the meeting c. you should invite people who can help accomplish the meeting objective d. do not worry yet about the meeting details