Companies record and report long-term notes receivable at the present value of the cash they expect to collect.

a. true
b. false

Answer: a. true

Business

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Which scenario best depicts a mechanistic organization?

a. a small hair salon b. a local mechanic's shop c. a multinational corporation d. a family-run restaurant e. an advertising agency using a team structure

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________ is an ethical theory where a person adheres to rules or commands that are from an outside source, like a book or a central figure

A) Ethical fundamentalism B) Utilitarianism C) Ethical relativism D) Rawls's social justice theory

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