Which of the following statements best exemplifies how society as a whole benefits from ethical behavior?
a. Consumers are willing to pay more for a product they believe to be ethically produced.
b. People feel better when they behave ethically.
c. Unethical behavior can be very costly.
d. Ethical behavior builds trust which is important in all of our relationships.
d
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A company acquires a subsidiary and will prepare consolidated financial statements for external reporting purposes. For internal reporting purposes, the company has decided to apply the initial value method. Why might the company have made this decision?
A. It is a relatively easy method to apply. B. GAAP now requires the use of this particular method for internal reporting purposes. C. Operating results appearing on the parent's financial records reflect consolidated totals. D. Consolidation is not required when the parent uses the initial value method.
Pat the Paralegal is meeting a client for the first time and will be conducting an intake-type interview. The best introduction would be:
A) "Hello, my name is Pat. I work with Lee the Lawyer. I will be asking you some questions today." B) "Hello, my name is Pat. I will be interviewing you today for Lawyer Lee." C) "Hello, my name is Pat. I am Lawyer Lee's paralegal. I will be asking you some questions today." D) "Hello, my name is Pat. I am assisting Lawyer Lee with your case."