Chapter 2 Textbook Solutions QUESTIONS 3. Why is EBIT an important line item in the income statement? What does EBIT show us? ANSWER Earnings before interest and taxes (EBIT) is the lowest line on the income statement that isn ’t affected by the firm ’s method of financing (the relative amounts of debt and equity used). It is important because it allows an evaluation of physical business operations separate from the influence of financing decisions. It is therefore often called operating income
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an antiquated response. However‚ discrimination can and does still happen in a company‚ and is not limited to gender discrimination. Consequently‚ every company is very careful about their operations and employee treatment in today’s business world. Many business entities have put together a human resource department to properly manage and take care of their most valuable resource‚ their employees. Over the years the government has also helped ensure that employees get proper treatment. Measures
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Name __________________________________________________________ Chapter 2 – Quick Quiz 1 1. A(n) _______________ is an organized system of assumptions and principles that purports to explain a specified set of phenomena. a. theory c. operational definition b. hypothesis d. experiment 2. An ideal scientist should: a. not express skepticism of new ideas. c. not support falsifiable theories. b. rely on scientific intuition. d. be willing to make “risky predictions.” 3. An advantage
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Chapter 21 Employment Relationships N.B.: TYPE indicates that a question is new‚ modified‚ or unchanged‚ as follows. N A question new to this edition of the Test Bank. + A question modified from the previous edition of the Test Bank. = A question included in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1. Generally‚ under employment-at-will doctrine‚ an employer may fire an employee even if doing so would violate a federal or state statute. ANSWER: F PAGES: Section 1 TYPE:
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Chapter 9 : Managing and controlling ethics programs Chapter Outline Using a business ethics program as a part of strategic planning and management activities is critical to any firm * To be successful‚ must put controls and systems in place to make sure they are being used effectively * Such as input‚ output and process controls * Input – providing necessary tools and resources to the company * Also good employees and effective training and systems * Process
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Chapter 2 Homework Key Terms #s 2-5: Enterprise resource planning system (ERP): a system that integrates individual traditional business functions into a series of modules so that a single transaction occurs seamlessly within a single information system rather than several separate systems. Outsourcing: the practice of turning over responsibility for some or all of an organization’s information systems applications and operations to an outside firm. Request for proposal (RFP): a document
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2 The English legal system and the common law tradition Contents Introduction 22 2 1 Judging the operation of the legal system 23 2 2 2 3 2 4 2 5 2 6 The common law tradition and its influence upon the English legal system 27 Have we seen the historical rise and fall of the common law tradition
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Chapter 4 Business Ethics N.B.: TYPE indicates that a question is new‚ modified‚ or unchanged‚ as follows. N A question new to this edition of the Test Bank. + A question modified from the previous edition of the Test Bank. = A question included in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1. Unless a corporation violates a law‚ its actions do not raise questions about the role of corporations and the effect of corporate ethics on profit. ANSWER: F PAGES: Section 1
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Q1. What are the ethical and legal issues? A1. The ethical issue is that Kent has made a game that has both a lot of violence and nudity in it. He knows that the game would be marketing sex‚ violence‚ and gambling; and he knows that all three are bad to be imbedded into a teenagers mind. When he talks to Brad about these at first he does not understand why Kent has changed his mind about this game that will make the company lots of money. Then some legal issues come into play when Brad decided
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ESSENTIALS OF ECOLOGY (Chapter 9) 1. Review the Key Questions and Concepts for this chapter on p. 184. What factors led to the premature extinction of the passenger pigeon in the United States? Factors that led to the premature extinction of the passenger pigeon are uncontrolled commercial hunting and habitat loss. Passenger pigeon in the 1858 became a big hunting business. Weapons like shotguns‚ traps and artilleries were used and even the burning of sulfur in suffocating the birds. These threats
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