"It is perfectly legal for us to accept cash payments from our suppliers, as long as we don't get too greedy, and as long as we don't do anything that could get us in trouble with the law," said Barney Storms, CEO of Blue Eye Products. "That's why I have instructed our corporate counsel to design mechanisms to prevent, detect, and punish legal violations." Barney is promoting a(n) ________ ethics program.
A. systems-based
B. compliance-based
C. associate-based
D. consensus-based
E. integrity-based
Answer: B
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An outstanding check is a check that:
a. Has been presented to the bank for payment but has not been reported on the bank statement b. Has been written by the account holder but has not been presented to the bank for payment c. Is guaranteed for payment by the bank d. Has been written for an amount that is greater than the balance in the account holder's bank account
Which type of organizational structure combines both functional and divisional departmentalization, with dual lines of authority?
A. divisional B. simple C. matrix D. functional
Which of the following documents is prepared by a company's accounting department?
A) Bank statement B) Receiving report C) Check authorization D) Invoice
Vancouver City Savings and Credit Union is Canada's largest credit union.
Answer the following statement true (T) or false (F)