In the context of the benefits of ethical behavior, ethics helps in
A. eliminating quality control processes.
B. distinguishing right from wrong.
C. deciphering an organization's productive trends.
D. eliminating corporate responsibilities.
Answer: B
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With membership of 1.3 million, ______________ is the oldest and largest environmental group in the United States.
a. the Sierra Club b. the Environmental Defense Fund c. Greenpeace d. Friends of the Earth
Which of the following elements in separation costs includes removal of an employee from payroll?
A. Administrative functions related to termination B. Increased unemployment tax C. Separation pay D. Exit interview
A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $21,000 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $550. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
A.
| Bad Debts Expense | 20,450? | |
| Allowance for Doubtful Accounts | 20,450? |
B.
| Accounts Receivable | 21,550? | |
| Allowance for Doubtful Accounts | 21,550? |
C.
| Bad Debts Expense | 21,000? | |
| Allowance for Doubtful Accounts | 21,000? |
D.
| Accounts Receivable | 21,000? | |
| Bad Debts Expense | 550? | |
| Sales | 21,550? |
E.
| Bad Debts Expense | 21,550? | |
| Allowance for Doubtful Accounts | 21,550? |
Under E-Sign, an electronic agent:
a. is a computer program or other automated means used independently to initiate an action or respond to electronic records or performances. b. is an individual who uses electronic means to initiate an action or respond to electronic records or performance. c. is an electronic sound, symbol, or process attached to or logically associated with a contract or other record. d. may not form a contract without an individual's reviewing the terms.