The carrying value of a long-lived asset is referred to as its:
A. sales value.
B. residual value.
C. market value.
D. carrying value.
Answer: D
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What is implied by the argument that a manager must be a moral person as well as a moral professional to be an ethical leader?
a. Managers are typically not capable of acting differently in their private and professional lives. b. A manager who is not a moral person will likely adopt an authoritarian leadership style. c. A manager will not be able to fully hide an unethical private life from employees. d. A manager who is not a moral person will be unable to appreciate the individuality and creativity of employees.
Joseph has a guilty mind of planning to rob a convenient store but he has not taken any action. Joseph has not committed robbery under the Model Penal Code
a. True b. False
Administrative agencies establish rules, and then act as both prosecutor and judge in determining whether the rules have been violated
a. True b. False Indicate whether the statement is true or false
Which of the following is considered as a liability in the balance sheet of a firm?
A. Accounts receivable B. Corporate bonds C. Retained earnings D. Common stock E. Plant and equipment