ACC 480 Test 4 Exam Questions With 100% Correct Answers.

ACC 480 Test 4 Exam Questions With 100% Correct Answers. Sal is a marketing executive for Tech products Company. If her business decisions and actions were unethical, it would most likely be due to - answera desire to increase sales and profits Pete, an employee of Quality Sales, Inc., takes a duty-based approach to ethics. Pete believes that he must - answeravoid unethical behavior regardless of the consequences Jill, chief financial officer of Kwik Delivery Company, adopts religious ethical standards. These involve an element of - answercompassion Eve, An employee of First Federal Bank, takes an outcome- based approach to ethics. Eve believes that she must - answerachieve the greatest good for the most people Don is a manager with Engineering Aviation Systems. At a company ethics meeting, Don's most effective argument against utilitarianism is that it - answerjustifies human costs that many persons find unacceptable In resolving an ethical problem, in most cases a decision by a business firm will have a negative effect on - answerone group as opposed to another Ethical standards would most likely be considered to have been violated if Acme Services, Inc., represents to Best Production Company that certain services will be performed for a stated fee, but it is apparent at the time of the representation that - answerthe actual charge will be substantially higher Tina, the president of the United Sales, Inc., tries to ensure that United's actions are legal and ethical. To ensure this result, the best course of Tina and United is to act in - answergood faith Alan, an executive with Beta Corporation, follows the "principles of rights theory." Under this theory, whether an action is ethical depends on how it affects - answerthe right of others Gamma, Inc., a U.S. corporation, makes a side payment to the minister of commerce of another country for a favorable business contract. In the United States, this payment would be considered - answerillegal and unethical Fran leaves her necklace with Gold Jewelers to be repaired. When Fran returns for the necklace, she says, "I'll pay for the repair later." Gold can - answerkeep the necklace until Fran pays Davy borrows money from EZ Credit, Inc. Davy defaults. To use attachment as a remedy EZ must first - answerfiles a suit against Davy Ed's $2,500 debt to Owen is past due. To collect money from Ed's wages to pay the debt, Owen can use - answergarnishment Eve owes Fred $200,000. A court awards Fred a judgement in this amount. To satisfy the judgement, Eve's home is sold at public auction for $150,000. The state homestead exemption is $50,000. Fred gets - answer$100,000 Eagle Company wants to borrow money from First State Bank. The bank insists that Holly, Eagle's president, agree to be personally liable for payment if Eagle defaults. Holly agrees. She is - answera guarantor only Ira and Jill agree to act as guarantors on a loan made by Ken. Ken defaults on the payments and Jill refuses to pay. If Ira pays the debt, he can recover from - answerKen under the right of subrogation and Jill under the right of contribution Aaron owes Barb $500 but he refuses to pay. To collect, Barb files a suit against Aaron and wins. Aaron still refuses to pay. To collect the amount of the judgment, Barb can use - answera writ of execution Elin owes First State Bank $40,000, secured by a mortgage on Elin's Retail Store. Elin fails to make payments on the loan. To obtain the amount that is owed, the bank can use - answera foreclosure Gail agrees to act, without compensation, as a surety for Hal's loan from Interstate Credit. Later, without Gail's knowledge, Hal and Interstate agree to extend the time for repayment and to increase the interest rate. Gail's obligation - answeris discharged completely Leo agrees to act, without compensation, as a guarantor for Mary's loan from Nick. Collateral for the loan is Mary's car, which Mary gives too Nick. Later, without Leo's knowledge, Mary and Nick agree to increase the interest rate and Nick returns the car to Mary. Leo's obligation - answeris discharged to the extent of any loss caused by surrender of the car Careful Credit Corporation files a financing statement regarding a transaction with Design Services Company. To be valid, the financing statement must contain all of the following except - answerthe reason for the transaction Storage Warehouse, Inc. (SWI), buys a forklift, but does not make a payment on it for five months. The seller, Tool and Equipment Company (T&E), repossesses it by towing it from a public street. SWI sues T&E for breach of the peace. Able will likely - answernot prevail because T&E's repossession was not a breach of the peace Denny owns Eater's Café, which he uses as collateral to borrow $10,000 from First State Bank. To be effective, the security agreement must include - answera description that reasonable identifies the collateral and Denny's signature