Describe how values relate to ethics
What will be an ideal response?
Individually or organizationally, values determine what is right and what is wrong, and doing what is right or
wrong is what is meant by ethics. To behave ethically is to behave in a manner consistent with what is right or
moral.
While the internalized values of individuals are important, the organization has a major impact on the behavior of
its members and can have a positive or negative influence on their values. Staying committed to your values
increases your satisfaction with your decisions to do what is right and their results.
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Fences and parking lots are reported on the balance sheet as
a. current assets. b. land improvements. c. land. d. property and equipment.
A firm's accounts receivables are $1,000,000; its net sales are $16,000,000 . Its collection period is _____ days
a. 6 b. 23 c. 30 d. 67