All of the following expenses paid or incurred in the course of operating a business are deductible as business expenses except
a. Costs incurred by a public utility company in connection with an appearance at a public utility commission rate making hearing.
b. Political contributions.
c. Penalty for nonperformance of a contract.
d. Reimbursements to job applicants in connection with interviews.
Answer: b. Political contributions.
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Use the following two columns of items to answer the matching questions below:
A) determining how your wealth will be distributed before or upon your death B) what you owe C) forecasting future expenses and savings D) source of current information about a variety of topics E) value of what you on minus what you owe F) determining how much money you should set aside for retirement G) access to funds to cover any short-term cash deficiencies H) uncertainty on a potential return on an investment I) decisions regarding how much money to hold in liquid form and how to allocate funds among short term investments J) what you own 28) assets 29) net worth 30) liabilities 31) estate planning 32) liquidity 33) money management 34) risk 35) retirement planning 36) budgeting 37) web site
Which of the following is true concerning the impact of organizational culture on ethical behavior?
A) An organization with low conflict tolerance encourages ethical behavior. B) An organization with strong culture can encourage either ethical or unethical behavior. C) An organizational culture that is high in conflict tolerance encourages unethical behavior. D) An organizational culture that is high in control encourages unethical behavior.