Making ethical decisions is most often best done by analyzing objective standards (such as profit or number of people fired) instead of subjective impacts on stakeholders.
Answer the following statement true (T) or false (F)
False
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A company has 250,000 shares of common shares outstanding, total assets of $5,000,000, and total stockholders' equity $4,000,000 . The ratio of liabilities to stockholders' equity is
a. 0.0625 to 1; b. 0.20 to 1; c. 0.25 to 1; d. 1.25 to 1; e. cannot be determined from the information given.
This question contains several parts; be sure to answer each. Describe the characteristics of a good vision statement, and list at least three of the questions that a good vision statement will ask. Finally, evaluate how well IKEA's vision statement matches each question.
What will be an ideal response?
To encourage a positive response to your persuasive message, which of the following would be most effective?
A) Use industry specific words and phrases. B) Send the message as high up the organizational chain of command as possible. C) Send the message in a variety of ways including email, blogs and print. D) Use positive and polite language regardless of audience. E) Establish credibility by using technical jargon and buzzwords.
Preferred Contractors was a general contractor and owner of a condominium complex that was under construction. Barrett, a subcontractor, had been hired by Henderson Plumbing, another subcontractor, to help it complete the plumbing work on the project
When Henderson began using shoddy installation procedures and subsequently fell behind the scheduled completion time for the project, Preferred Contractors urged Barrett to correct Henderson's mistakes and to finish the job. Barrett refused to continue until he knew who would pay him, since he feared Henderson's financial position was shaky. Nonetheless, Preferred Contractors' job superintendent told Barrett to go ahead even if Barrett and Preferred Contractors had no contract because "he would use his influence to try to help Barrett get his money." Barrett finished the work and sent a $7,500 bill to Henderson, which was never paid. When Barrett later sent the bill to Preferred Contractors, these facts emerged: Preferred Contractors told him that due to Barrett's failure to notify Preferred Contractors promptly of Henderson's non-payment, Preferred Contractors had already paid Henderson in full and therefore would not pay twice for the work. Discuss the best possible theory of recovery Barrett may argue.