Several Times During the Winter, Supervisor Clyde Goes Ice Fishing

question 27

Multiple Choice

Several times during the winter, supervisor Clyde goes ice fishing with Bubba, one of the workers in his department. After fishing they often have a few beers together. When it comes time for Clyde to write a performance evaluation of Bubba, Clyde faces the ethical dilemma of ________.

• A)dealing with confidential information
• B)sexual harassment
• C)treating people unfairly
• D)conflict of interest

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Definitions:

Fixed Asset

A Fixed Asset is a long-term tangible piece of property that a company owns and uses in its operations to generate income, and not expected to be consumed or converted into cash within a year.

Straight-Line Depreciation

A plan to allocate the price of a concrete asset in consistent yearly fractions over its lifespan.

Salvage Value

The forecasted selling price for an asset once it reaches the end of its operational life.

Depreciation Expense

The allocated expense of a tangible asset over its useful life, representing the asset's reduction in value due to use and wear and tear.