Managing multicultural teams, competing in international markets, and managing international operations all require managers to develop a ________

Patton Company purchased $600,000 of 10% bonds of Scott Co. on January 1, 2013, paying $564,150. The bonds mature January 1, 2023; interest is payable each July 1 and January 1. THe discount of $35,850 provides an effective yield of 11%. Patton Company uses the effective-interest method and plans to hold these bonds to maturity. On July 1, 2013, Patton Company should increase its Debt Investments account for the Scott Co. bonds by

a. 3,588 b. 2,056 c. 1,794 d. 1,028

In the context of business ethics, which of the following statements regarding ethics codes is true?

A. The Sarbanes-Oxley Act requires all private companies to disclose their financial statements. B. The statements provided by public companies regarding their code of ethics, as required by the Sarbanes-Oxley Act, are often just for show. C. Ethical codes focus exclusively on employee conduct and avoid subjects such as the environment, technology, and political activity. D. The code of ethics is drawn up by an organization’s administrative department. E. Executives pay most attention to their company's code of ethics when their senior managers instruct them to do so