1. | A master budget is typically prepared for: A. | A period of one year. | B. | Top management only. | C. | Strategic planning purposes only. | D. | Strategic business units only. | E. | Operating activities only. | | | | 2. | A plan of dollar amounts to be spent on long-term projects is called a: A. | Cash budget. | B. | Capital budget. | C. | Rolling budget. | D. | Sales budget. | E. | Rolling financial forecast. | | | | 3. | Budgeting provides
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#4 Albert Einstein once said: “I do not believe in immortality of the individual‚ and I consider ethics to be an exclusively human concern with no superhuman authority behind it”. This is one way to understand the definition of ethics. Naturally when a person is asked about the meaning of this word‚ the answers are always related to the term morality‚ which is practically true. In fact‚ ethics is a concept that a person uses in order to determine what is right or wrong; however‚ it differs from
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Personal Code of Ethics Having a personal code of ethics is very important to me since it defines who I am and what my beliefs are. My ethical code symbolizes who I am as an individual as a result of my moral‚ religious‚ intellectual and cultural upbringing. One of my greatest wishes is for my personality and actions to clearly define my code of ethics‚ without me verbalizing or someone else reading it on a document. Some questions that I would like others to ask and come up with their
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My Perception of Personal Ethics and Professional Ethics: Ethics plays a vital role in shaping moral health of a person‚ a society‚ a government‚ or a corporate. Laws‚ and legislation however much necessary‚ will never fashion the attitude and character of a person‚ but ethics will. The sense of accountability to all stake holders‚ fair treatment to all in interpersonal relationships‚ integrity‚ and honesty are the parameters that characterize ethical behavior. Business sustainability demands
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Personal Code of Ethics A personal code of ethics is something that defines who we are‚ as well as what we believe in. I believe that a personal code of ethics is something that is ever changing as we grow and learn. My personal code is something that I began developing at a young age. Growing up‚ my parents taught me right from wrong‚ which is what I have used to lay the groundwork for my own personal ethics. As I got older‚ I began to develop a sense of who I was and how I wanted to live my
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University of Phoenix Material Ethics are the underlying basic principles upon which choices are made throughout life. These are bedrock reference points for right or wrong. Ethical principles are developed early in life‚ generally by the time a child is 4 or 5 years old. After that point‚ the person learns how to apply these principles with increasing ability and success. Ethics are both a personal and a public display of your principles and beliefs. It is because of ethical beliefs that humans
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Ethics is a very complex web of what is right and wrong as a route to living life in our own justifiable terms. When I think about what ethics means to me‚ I do not really consider government regulations‚ religious beliefs‚ or social norms. I don’t consider government regulations in the sense that I have grown up to be shaped by them but now as a cognizant being I can realize that I do not agree with a significant proportion of them and do not hold complete faith in the system. I am not religious
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My personal ethical viewpoint has become clearer after coming down to the final days of class. I have learned a lot in this past nine weeks. I haven’t developed any blind spots in being ethical in certain situations‚ but some people do have blind spots and they do not even realize it. My ethical lens reflects on my core values which are extremely respectful in every way‚ I always take the time to ask myself questions to evaluate if it is unethical or not. I would have to say my strengths are
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Personal Ethics Statement Being raised through generations of traditional Catholics‚ I was instilled with a multitude of good moral values that has given me a good perspective on my personal ethics and what I believe. I have always heard the golden rule from my family‚ “do unto others as you would have them done unto you”‚ and that has always stuck in my mind and is what I strive for. My preferred lens is Rights‚ Responsibility and Relationship. According to my preferred lens I use reasoning
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Personal Ethics Statement As a student of higher education‚ I strive for autonomy in my environment I am able to use my rationality and sensibilities to create a culture of equality. My values that I hold are important in allowing me to identify ethical violations. My ethical perspective as identified by the Ethical Lens Inventory is that I am able see gifts and the weakness of each lens and adapt the right tools to each situation for the best outcome. My ability to use the right tools in a situation
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