In a corporation, the board of directors are elected by the ________

With terms of 4/15, net 60, what is the implied interest rate for forgoing a cash discount and paying at the end of the period?

A) 25.63% B) 61.15% C) 28.19% D) 39.25%

When companies operate abroad in the absence of home-country legal constraints, the best choice for ethical conduct would be:

A) to ignore bribery and act as if it does not exist. B) to maintain home-country ethics worldwide with no adaptations. C) to abandon any attempt to maintain company ethics. D) to have a product that is clearly superior to that of the competition. E) to adapt in varying degrees to local customs and practices.