No, Conversion is not limited to Theft.
Answer: False
Explanation: The method described in the given statement is indirect method of preparing operating activities section in a cash flow statement.
In case of direct method, the actual cash transactions involving inflow and outflow of cash is recorded to compute operating activities.
Thus, we can conclude that the given statement is false.
Answer:
The correct answer is True.
Explanation:
When an intoxicated person enters into a contract, the contract can either be enforceable, meaning held to the fullest extent of the law, or voidable by the intoxicated person. The court will look at two criteria that need to be present in order to make the contract voidable:
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The intoxication was severe enough that the person entering into the contract was incapacitated.
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The other party was aware of the intoxication at the time.
A voidable contract, in this instance, is one in which the intoxicated party can end the agreement under certain terms. To expand on the criteria above, in order for the intoxicated person to void the contract, there needs to be adequate proof that one of the following occurred:
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The intoxicated person consumed enough alcohol or drugs to cause impairment in thinking sufficient enough that he could not understand the legal ramifications of entering into the contract.
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The other party to the contract knew of the intoxication.
Answer:
Letter C is correct. <u><em>Ethical Dissonance.</em></u>
Explanation:
Ethical dissonance corresponds to the principles of interaction between employees and the organization and the consequences for ethical behavior in companies.
For each individual has an individual perspective on ethical concepts, and consequently this influences the ethical perception of organizational values and the way decisions are made. What may occur is a dissonance between individual ethical principles and organizational ethical principles. To avoid ethical dissonance, it is ideal for an organization to adopt an ethical culture, where ethics is a relevant factor exercised by the entire hierarchy in the company.