Exam 12: Financial Statement Analysis
Exam 1: Accounting As a Tool for Management120 Questions
Exam 2: Cost Behavior and Cost Estimation72 Questions
Exam 3: Cost Volume Profit Analysis and Pricing Decisions346 Questions
Exam 4: Product Costs and Job Order Costing114 Questions
Exam 5: Planning and Forecasting127 Questions
Exam 6: Performance Evaluation: Variance Analysis188 Questions
Exam 7: Activity-Based Costing and Activity-Based Management136 Questions
Exam 8: Using Accounting Information to Make Managerial Decisions32 Questions
Exam 9: Capital Budgeting109 Questions
Exam 10: Decentralization and Performance Evaluation108 Questions
Exam 11: Performance Evaluation Revisited: a Balanced Approach183 Questions
Exam 12: Financial Statement Analysis164 Questions
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State whether the following item expresses moral value or nonmoral value; or no value at all.
The paint job on Linda's car is awful-looks as though somebody did it with a brush.
(Short Answer)
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State whether the following item expresses moral value or nonmoral value; or no value at all.
Elliott delivered the presentation in an elegant manner.
(Short Answer)
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If you were a member of a state legislature, what kind of law might you write to prevent such situations as the preceding from arising? On what grounds would you justify it?
(Essay)
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Identify the moral perspective at work here:
Bernie takes his car for a ride near the beach. While at it, he crashes into a car parked at the side of the road. Nobody is hurt in this accident. He leaves the scene without leaving a note to the other vehicle's owner. Is this an acceptable course of action?
No, it isn't; Universal law dictates that Bernie should stay there and clean up his mess.
(Short Answer)
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State whether the following item expresses moral value or nonmoral value; or no value at all.
Jim ought to learn to take his hat off when he's in someone else's home.
(Short Answer)
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Identify the moral perspective at work here:
Bernie takes his car for a ride near the beach. While at it, he crashes into a car parked at the side of the road. Nobody is hurt in this accident. He leaves the scene without leaving a note to the other vehicle's owner. Is this an acceptable course of action?
Yes, it is; Bernie will be happy if he leaves the scene quickly without having to deal with the mess.
(Short Answer)
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For the following, try to come up with an additional premise that will turn the passage into a deductively valid or an inductively strong argument. Usually this requires adding a general moral principle and, sometimes, an extra nonmoral claim as well. The idea is to guarantee that the "ought" claim follows from the "is" claim.
Daniel was bad yesterday. He let only one of the two children who live next door ride his new bike.
(Essay)
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Suppose that the following pair of statements appears in a review of the same work of art. Identify which of the aesthetic principles referred to in the text each statement in the pair appeals to. Then state whether the principles are compatible and thus form the basis for a consistent review, or whether they are incompatible and cannot both be used in a consistent review.
a. Bierstadt's monumental western landscapes are effective; we can be sure of this because they romanticized, and thus promoted, the American migration to the western areas of the country.
b. The scenes he painted of the Rocky Mountains make us understand viscerally what it is like to experience the sublime.
(Essay)
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In the following, discuss whether Marina is treating relevantly similar cases in sufficiently similar fashions; identify instances in which the cases are not relevantly similar.
The company that Marina owns allows the secretarial staff to accumulate one vacation day per month, but managers at the company accumulate 1.5 days per month.
(Essay)
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In the following, discuss whether Marina is treating relevantly similar cases in sufficiently similar fashions; identify instances in which the cases are not relevantly similar.
Marina watches a viewer-supported public television station, but she does not make contributions to it.
(Essay)
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Suppose that the following pair of statements appears in a review of the same work of art. Identify which of the aesthetic principles referred to in the text each statement in the pair appeals to. Then state whether the principles are compatible and thus form the basis for a consistent review, or whether they are incompatible and cannot both be used in a consistent review.
a. By the end of the nineteenth century, Bierstadt's painting was condemned as grandiose and sentimental; this is an example of the corruption of critical judgment by retrogressive political interests.
b. We must accept that the correctness of aesthetic taste is always an effect of the times.
(Essay)
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Answer the question in the following paragraph from one of the perspectives described in the text.
Lisa's algebra class has a quiz every other Friday. This is the third time she's been so worried about other matters that she hasn't done quite as well on the quiz as she might have otherwise. What has her upset is the fact that the instructor leaves the room while the students take the quiz, and over half the class is taking the opportunity to cheat. She knows and likes several of the other students in the class, and some of the ones she likes are among those who are cheating. Lisa knows that (a) a failure to speak to the teacher about the cheating will result in her own grade being lower, since the teacher grades in part on the curve. But (b) she will be doing her friends and the others a great harm, since cheating is taken very seriously at the school. If she doesn't "turn in" her classmates, (c) the only other alternative to getting a worse grade than she deserves is to begin cheating herself, something she's never done. What should she do?
(Essay)
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State whether the following item expresses moral value or nonmoral value; or no value at all.
It is bothersome to call someone after 9:00 p.m.
(Short Answer)
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State whether the following item expresses moral value or nonmoral value; or no value at all.
The Rosens' wedding ceremony was the loveliest one I've ever seen.
(Short Answer)
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State whether the following item expresses moral value or nonmoral value; or no value at all.
The program Sam wrote for finding repeating decimals works wonderfully, and it's only thirty-five lines long-that's real elegance.
(Essay)
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Identify the moral perspective at work here:
Taffy is a university lab chimpanzee; the university has lost its animal research grant and has to decide what to do with Taffy.
Taffy is not a rational being, and the university has no duty to treat her as anything but a mere means to an end. They can sell her or put her to sleep. If anybody cares enough for her to take care of her, that will be that person's choice.
(Short Answer)
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Defenders of the harm principle usually believe that it is only one among several acceptable justifications for laws forbidding conduct.
(True/False)
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Stare decisis is the doctrine that even though a court has pronounced a principle of law applicable to a certain set of facts, other judges should follow common sense in determining whether to apply that principle to other cases in which the facts are substantially the same.
(True/False)
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State whether the reason given here is relevant according to any one of the aesthetic principles; and if it is relevant, identify the principle that makes it so.
Rostropovich's virtuosity on the cello sends waves of delight up and down my spine.
(Short Answer)
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For the following, try to come up with an additional premise that will turn the passage into a deductively valid or an inductively strong argument. Usually this requires adding a general moral principle and, sometimes, an extra nonmoral claim as well. The idea is to guarantee that the "ought" claim follows from the "is" claim.
The computer programs we recently received are all "shareware"-they are accompanied by notices saying that anyone who keeps and uses the program should send a small fee to the author. I think it's only right that we send a check to two of the program authors, since we've started getting a lot of use out of two of the programs.
(Essay)
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