What point is the text trying to make by illustrating the legal ruling in Florida that stated judges and lawyers cannot be “friends” on Facebook?
a. Codes of conduct should remain somewhat vague to encompass changing situations.
b. New societal or environmental conditions may require changes to a code of conduct.
c. Conflicts of interest should be addressed in codes of conduct.
d. Codes of ethics are often better at handling complex situations than codes of
conduct.
b. New societal or environmental conditions may require changes to a code of conduct.
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The financial statements of Bollinger Corporation for 2014 and 2015 contained the following errors: 2014 2015 Ending Inventory $14,000 overstated $20,000 understated Rent Expense $4,800 understated $6,600 overstated Assuming that none of the errors were detected or corrected, by what amount will 2015 operating income be overstated or understated?
a. $40,600 understated b. $35,800 understated c. $27,800 understated d. $13,400 overstated
Which of the following is a plant asset?
A) Equipment B) Patents C) Trademark D) Accounts Receivable
All of the following statements about HMOs are true EXCEPT
A) They organize and deliver health care services. B) HMOs place a heavy emphasis on controlling the cost of covered services. C) HMO members pay nothing for medical care until care is provided, then they must pay high deductibles and large coinsurance payments. D) The selection of physicians is usually limited to physicians affiliated with the HMO.
With regard to ongoing expenses, the most expensive type of long-term financing is the sale of common stock.
Answer the following statement true (T) or false (F)