Provide three examples of situations in which business ethics play a role in the financial management process. Explain your rationale, and how these situations may affect the value of the firm.
Answer to relevant QuestionsWhat are sunk costs? Provide at least two real-life examples of sunk costs for a project. Should sunk costs be included as incremental cash flows? Why or why not? Explain your rationale.Briefly describe (one to two sentences each) what Bacon calls the "classes of Idols which beset men's minds"Managers use different types of control. Identify and define any four types of control used within Starbucks. Provide evidence from the case to support your answer. How do mass media and face to face communication have different impacts? Why is research ethics important in business? Describe the rights and obligations of the participant, researcher, and research sponsor?
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