Because Basic Assumptions Are Usually Unconscious to Veteran Employees, Which

question 96

Multiple Choice

Because basic assumptions are usually unconscious to veteran employees, which of the following ethical views is problematic for managers because it argues for full disclosure of basic assumptions?

• A) Utilitarianism.
• B) Egoism.
• C) Rights.
• D) Justice.

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Definitions:

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for non-cash transactions and changes in working capital to find the net cash from operating activities.

Inventory

The raw materials, work-in-progress products, and finished goods that a company holds with the intent to sell or produce goods.

Operating Activities

Business activities related directly to the operation of the company, such as selling products, manufacturing, and providing services.

Loss on Sale

The financial loss incurred when the selling price of an asset is less than its carrying amount.