It Is Important to Appreciate the Ethical Issues Involved in the Development

question 57

Multiple Choice

It is important to appreciate the ethical issues involved in the development and use of information systems because ________.

• A)the data they contain is vast and personal
• B)the revenue of organizations is closely tied to their use
• C)they are not regulated by any governmental bodies
• D)they can be mass-produced by organizations with limited technical expertise

Comprehend the duties and obligations of agents towards their principals, including the duty of performance and obedience.

Understand the legal liabilities of agents in contractual and transactional contexts.

Identify the rights and remedies available to agents and principals in agency relationships, including compensation, reimbursement, and specific performance.

Differentiate between express, implied, and apparent agency and their respective impacts on liability and authority.

---

Definitions:

Loss on Sale

A financial outcome in which the proceeds from the sale of an asset are less than its carrying value on the books.

Stock Investment

The purchase of shares in a company to gain a financial return in the form of dividends or appreciation in the share price.

Equity Method Investments-Jay

An accounting technique used to record investments in other companies, where the investment is significant but less than controlling, adjusting the value to account for the investor's share of the earnings or losses.

Cash Dividends

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.