Many leading figures in recent corporate scandals were never convicted of a crime. Which of the following best describes their behavior:
a. Behavior that is illegal and unethical
b. Behavior that is illegal, yet ethical
c. Behavior that is legal, yet unethical
d. Behavior that is both legal and ethical
C
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After studying business ethics and social responsibility throughout his university education, Brandon is considering seeking employment in a policy development institution. He is particularly interested in promoting issues of social and economic justice even if it isn't in the economic interest of the business community. He should consider applying to:
A) Canadian Centre for Policy Alternatives B) Fraser Institute C) Parkland Institute D) Centre for the Study of Living Standards E) C.D. Howe Institute
________ damages for a seller include storage charges and sales commissions.
A. Unconscionable B. Intentional C. Incidental D. Liquidated
In the context of identifying competitors' strategies, the more that one firm's strategy resembles another firm's strategy, the more likely the two firms are to ________
A) merge B) compete C) globalize D) form a partnership E) become market leaders
A firm may use its accounts receivable as collateral for a loan from a bank or other financial institution. Which of the following is/are true?
a. The firm physically maintains control of the accounts receivable, collects cash from customers, and repays the loan. b. If the firm fails to repay the loan, the lender can claim the receivables. c. If the firm has used its accounts receivable as collateral for a loan, the firm will continue to show those receivables as an asset (and there will also be a loan payable liability). d. The firm should disclose the lending arrangement in its financial reports. e. all of the above