Answer the following statements true (T) or false (F)
1. Tom is a human resource intern for a staffing agency. One day, Tom get a call from a client requesting that they send "white only" applicants. Tom's boss does not want to lose the client because times are tough and profits are tight. He tells him to follow the customer's request, even though he knows it violates equal employment opportunity laws. After considerable thought, Tom decides complying with his boss' instructions to place profits before equal opportunity violates his personal code of ethics and quits. Tom's ethical values illustrate the ethics of virtue.
2. The departments of Justice and State, as well as anti-trafficking groups, estimate there are about 27 million people worldwide in modern-day slavery. Considering the various theories of ethics, modern-day slavery is an example of an extreme violation of the ethics of liberty.
3. Jenna is a new recruiter for a large staffing agency. Her trainer has told her to let candidates know that they will "get back to them" within two weeks of a interview date. Jenna notices, however, that the staffing agency rarely lives up to this promise and often never gets back to candidates. Jenna finds this unethical - she knows that if she were the candidate, she would not want to be lied to. Jenna's ethical analysis illustrates the ethics of duty.
4. Forcing individuals to use themselves or their property against their will is an immoral act according to the ethical framework of virtue.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
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Indicate whether the statement is true or false
Van Den Borsh Corp. has annual sales of $68,735,000, an average inventory level of $15,012,000, and average accounts receivable of $10,008,000. The firm's cost of goods sold is 85% of sales. The company makes all purchases on credit and has always paid on the 30th day. However, it now plans to take full advantage of trade credit and to pay its suppliers on the 40th day. The CFO also believes that sales can be maintained at the existing level but inventory can be lowered by $1,946,000 and accounts receivable by $1,946,000. What will be the net change in the cash conversion cycle, assuming a 365-day year? Do not round intermediate calculations. Round to the nearest whole day.
A. -34 days B. -27 days C. -31 days D. -25 days E. -32 days