When discussing cultures, we should avoid making any generalizations
Indicate whether the statement is true or false
False
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The Model Business Corporation Act (MBCA) standard of care permits directors and officers to rely on the opinions, reports, and statements of persons who reasonably appear to be competent and reliable.
Answer the following statement true (T) or false (F)
Jane's aunt wants a cashmere blanket to put over her legs when she watches television from her favorite chair. Jane could drive 50 miles and pay $90 for the blanket, or she could order one off the Internet for $168
Because Jane works fifty hours a week, cares for three children, and tries to help her aunt, she opts to buy the blanket on the Internet. This is an example of how ________ influences the consumer decision-making process. A) a microculture B) an opinion leader C) a reference group D) time E) learning
All of the following statements related to preparation of the statement of cash flows are true except:
A. A company may report cash flows from operating activities using either the direct or indirect method. B. Interest expense may be reported under operating or financing based on which one results in better cash flows. C. Cash dividends paid to shareholders are classified as a financing activity. D. Repaying the principal of notes payable is classified as a financing activity. E. Purchase of an intangible asset is classified as an investing activity.
According to the Institute of Management Accountants (IMA), the final step in resolving an ethical dilemma is to:
A. consult with the local police. B. clarify relevant ethical issues by initiating a confidential discussion with an IMA Ethical Counselor, an appropriate and confidential ethics hotline, or other impartial advisor. C. discuss the situation with an immediate supervisor. D. consult your own attorney as to legal obligations and rights concerning the ethical conflict.