Which of the following is correct with regard to the relationship between law and ethics?
A) The rule of law and the golden rule of ethics demand the same response.
B) Lawful conduct is always ethical conduct.
C) The law may not permit something that would be ethically wrong.
D) Although much of law is based on ethical standards, not all ethical standards have been
enacted as law.
D
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Which of the following is the final step in the journalizing and posting process?
A) Posting the accounts to the ledger B) Identifying each account affected and its type C) Determining whether the accounting equation is in balance D) Determining whether each account has increased or decreased
Right before graduation, Roni receives two job offers. One is for a sales position and offers a base salary of $30,000 plus commissions. The other is for a marketing assistant position and offers a straight salary of $40,000
Which of the following is likely to be true about the two positions? A) The sales job could end up paying more than the marketing job if Roni does well and makes more than $10,000 in commissions. B) The sales and marketing positions will have roughly equivalent duties, but different salaries. C) Roni will need more training to do the marketing job than to do the sales job. D) The marketing job pays more in salary because it is more demanding than the sales job is. E) The sales job relies more on personality and the marketing job relies more on skills.