Which of the following is the most popular legal theory in tort cases?
A. Breach of express warranty.
B. Breach of implied warranty.
C. Products liability.
D. Negligence.
Answer: D. Negligence.
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On January 1, 2015, Chunde Company purchased a machine for $46,800. Chunde uses straight-line depreciation and estimates an eight-year useful life and an $3,600 salvage value. On December 31, 2018, Chunde sells the machine for $28,000.
In recording this sale, Chunde should reflect: Select one: A. A $2,800 gain B. A $800 loss C. A $6,400 gain D. No gain or loss
An immoral manager would most likely follow this orientation in meeting his or her organizational goals:
a. Profitability within the confines of legal obedience and ethical standards
b. Profitability is not important, since the firm's purpose is to serve the
public's needs
c. Profitability only, with no other goals considered
d. Profitability and organizational success at any price