Hallie has a tendency to be egocentric. She follows the rules of her company only to avoid punishment and not to gain respect. When making decisions, she always focuses on what immediate benefits she will gain from an alternative
Which of the following stages of ethical development is illustrated in the scenario?
a. Preconventional morality
b. Postconventional morality
c. Conventional morality
d. Ethnocentric morality
ANSWER: a
Preconventional morality, the most basic level, is childlike. It is calculating, self-centered, and even selfish, based on what will be immediately punished or rewarded.
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Inventories are defined by IFRS as
A. held-for-sale in the ordinary course of business B. in the process of production for sale in the ordinary course of business C. in the form of materials or supplies to be consumed in the production process or in the providing of services D. all of the above
What is the borrowing instrument that permits additional sums of money to be loaned by the same security device?
a. Subordination clause b. Partial advance c. Obligatory advances d. Open end note and mortgage