The Key Insight of Alexis De Tocqueville's Democracy in America

question 56

Multiple Choice

The key insight of Alexis de Tocqueville's Democracy in America was that:

• A) the most important thing about American democracy was that the majority of men could vote.
• B) American democracy was really a sham.
• C) American democracy really represented an important cultural shift.
• D) the ideology of the Whig Party was actually more democratic than that of the Democratic Party.
• E) American democracy could not exist without strong presidential leadership.

Examine the impact of personal and organizational ethics on corporate reputation and legal compliance.

Explore the ethical considerations in managing workplace diversity and maintaining confidentiality.

Assess the role of formal codes of ethics in guiding employee behavior and resolving ethical dilemmas.

Understand the factors that influence managerial ethics.

---

Definitions:

Lifo Inventory

A method of inventory valuation where the last items placed into inventory are the first ones taken out, used to calculate the cost of goods sold and ending inventory.

Basic Earnings Per Share (Eps)

Basic Earnings Per Share (EPS) is a calculation used to gauge a company's profitability on a per-share basis, dividing net earnings available to common shareholders by the average outstanding shares.

Net Income

The remaining income of a company after deducting expenses and taxes from the total income generated.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a dataset, often used in accounting and inventory valuation.