Which of the following statements is/are not true?
a. The statement of cash flows reports flows, or changes in cash over time.
b. The balance sheet reports changes in the amounts of cash over time.
c. The last few lines of each statement of cash flows report the amount of cash on each firm's balance sheet at the beginning and the end of each period.
d. Both U.S. GAAP and IFRS require that the statement of cash flows explain changes in cash and cash equivalents.
e. All of the above are not true.
B
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Which of the following should be added to net income in calculating net cash flow from operating activities usingthe indirect method?
a. depreciation expense b. an increase in inventory c. a gain on the sale of equipment d. dividends declared and paid
According to surveys, which of the following statements about how managers view sales ethics is true?
A. Few managers feel that they face ethical problems in the workplace B. Sales goals force managers to act even more ethically than they ordinarily would C. Most managers are unaware of any unethical behavior in their industry D. Some sales managers lower their ethical standards to meet job goals E. Most managers feel that they and their employees are operating as ethically as possible
Disintermediation occurs when product or service producers cut out intermediaries and sell directly to final buyers
Indicate whether the statement is true or false
By comparing ethical theories to foreign languages, the text is suggesting that ______.
a. ethical problems are best solved by having each participant attack it using a different ethical theory b. we should seek to find common ground by adopting the same ethical theory to work on a problem c. ethical theories are rarely compatible with each other when working on ethical problems d. ethical problems are best solved by viewing them from another’s perspective