What are Life Principles and what should one consider when developing his or her own Life Principles?
What will be an ideal response?
Life Principles are the rules by which people live their lives. People's Life Principles should be based on their own values and should include their rules on lying, stealing, cheating, applying the same or different standards at home and work, and their responsibility as a bystander when they see other people doing wrong. In addition, Life Principles should be specific rather than general. It is also important to keep in mind that no matter what you say, every ethics decision you make illustrates your actual Life Principles.??
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Managerial accountants would be responsible for providing the following information:
A) Tax reports to government agencies. B) Profit reports to owners and management. C) Expansion of a product line report to management. D) Consumer reports to customers.
Unless a sale is "as is" or "with all faults," the implied warranty of merchantability cannot be
disclaimed without using the word "merchantability" in the disclaimer. Indicate whether the statement is true or false
Professor Jones accuses Rachel, a senior at a large state university, of cheating on an exam. The Professor claims that Rachel must prove to him that she did not cheat. If she fails to convince him, she will be expelled from college. Rachel is being denied her due process rights
a. True b. False Indicate whether the statement is true or false
On January 16, Whole Circle, Inc sold $5,000 merchandise to Smith, on account. Whole Circle could not collect cash from Smith and wrote off the account. Prepare a journal entry to record the write-off, assuming Whole Circle uses the allowance method
What will be an ideal response