List and describe five tests used to measure integrity.
What will be an ideal response?
a. Publicity test—based on the scenario of whether the individual would be comfortable if his or her actions were publicized in a newspaper or on television
b. Trusted friend test—based on the scenario that the individual would be comfortable in telling his or her best friend or a close family member about his or her actions
c. Reciprocity test (also known as the Golden Rule)—asks whether the individual treats others as he or she would like to be treated
d. Universality test—draws on the belief of whether the individual would consider it acceptable behavior if anyone in the world did the same action
e. Obituary test—tasks the individual to look back in hindsight on one’s previous actions over the course of one’s career and ask if he or she is comfortable with the evaluation
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The controller notifies the business reporting process of investing and financing transaction activities,
Indicate whether the statement is true or false
In order to increase the net profit of a business, the NMC of any proposed strategy must ________
A) be equal to the current NMC B) be equal to the difference of the current NMC and the marketing and sales expenses C) be equal to the total operating income D) be lower than the current NMC E) exceed the current NMC
Which of the following is the primary focus of financial accounting?
A) providing information that managers need to make operational decisions B) providing summarized information on operational results to investors and creditors C) providing information to managers to assist in planning, directing and controlling operations D) providing highly detailed information on product lines, regions, and divisions
Northern Ireland implemented the Fair Employment Act in 1989 with amendments in 1988. What evidence do they have that the legislation has made a positive impact?
a. They have seen a significant reduction in animosity between religious groups b. They have seen considerable increases in the numbers of people who work in integrated workplaces c. They have seen a decrease in their crime rates d. They have seen an increase in interracial marriages