What should an employee expect from their company’s code of ethics?
a. general guidance on behavior
b. instructions on how to react to specific scenarios
c. a list of sanctions for unethical behavior
d. a description of what constitutes unethical behavior
a. general guidance on behavior
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Which of the following is the first step in customer value analysis?
A) Examine how customers in a specific segment rate the company's performance. B) Assess the company's and competitors' performances on the different customer values against their rated importance. C) Identify the major attributes and benefits that customers value. D) Monitor customer values over time. E) Assess the quantitative importance of the different attributes and benefits.
Which of the following best describes the amount of misstatement an auditor is willing to accept and still judge that an account balance is not materially misstated?
a. Tolerable misstatement. b. Performance materiality. c. A clearly trivial amount. d. Significant risk.
Which of the following is NOT an appropriate internal control for cash receipts over the counter?
A) A receipt is issued for each transaction to ensure that each sale is recorded. B) The store clerk deposits the cash in the bank. C) At the end of the day, the manager proves the cash by comparing the cash in the drawer against the machine's record of cash sales. D) The cash draw opens after the store clerk enters a transaction.
Non-comparative itemized rating scales with strong adjectives as anchors (1=generally disagree, 7=generally agree) result in less variable and more peaked response contributions
Indicate whether the statement is true or false