Paul Babcock gave the following advice to Standard Oil Company executives who were going to testify before Congress about the business practices of Standard Oil, "Parry every question with answers which, while perfectly truthful, are evasive of bottom facts.". Apply ethical analysis to the advice and the statement
The students should discuss that the advice was to leave a false impression. Babcock failed to consider all of the implications of such false impressions given to Congress. Standard Oil's reputation was at stake. Also, giving false impressions that are later discovered could lead to loss of trust and more investigations. Babcock did not consider the implications when the truth came out. Babcock believed he could manage a situation with falsehoods.
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Answer the following statement true (T) or false (F)
Logan Inc plans to double its rental space next year which will increase its fixed costs by 30% while variable costs will remain the same. Current year costs are as follows: Variable costs $20 per unit Fixed costs $15,000 If next year production is expected to be 13,500 units, estimated total costs will be:
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