You are faced with a work-related ethical dilemma. In deciding what action to take, you would:
a. Check the company code of ethics to see if the action is prohibited.
b. Check legal implications and the company code of ethics, and then decide if the action is personally ethical.
c. Check with colleagues to see if they would take the action.
d. Check the legal implications and feel free to take the action if it is not illegal.
B
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The following set of items describes activities completed by a company in purchasing and paying for merchandise. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. Checks are signed by designated officers in the finance department
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
Short distribution channels are suited for geographically dispersed markets
Indicate whether the statement is true or false
Speedy Assembly Company promises its employees a 10-percent raise at the end of the year if productivity has increased and management feels it is warranted. Speedy must
A. do nothing. B. give the employees a 10-percent raise only at the end of the year. C. give the employees a 10-percent raise only if productivity increases. D. give the employees a 10-percent raise under any circumstances.
________ are usually higher-priced items, which are bought infrequently, and for which customers compare prices.
A. Seasonal goods B. Shopping goods C. Convenience goods D. Fringe goods