Integrated social contracts theory DOES NOT apply
A. to principles or norms that provide some "moral free space" for the people in a particular country (or local culture or even a company) to make specific interpretations of how certain actions may or may not be permissible within the bounds defined by universal ethical principles.
B. to commonly held views about what is morally right and wrong that constitute a "social contract" (contract with society) that is binding on all individuals, groups, organizations, and businesses in terms of establishing the line between ethical and unethical behaviors.
C. to the principle that universal ethical norms take precedence over local ethical norms.
D. to the slippery slope of ethical relativism.
E. to those situations where most all societies-endowed with rationality and moral knowledge-have common moral agreement on what is wrong and thereby place limits on which actions and behaviors fall inside the boundaries of what is right, and which ones fall outside.
Answer: D
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During the week ended June 15, Wiley Automotive's employees earned $2,000 of gross wages and had $300 of federal income tax withheld. All of their employees had already earned over $7,000 of gross wages for the year so none of their wages were subject to FUTA or SUTA tax. However, all of their wages were still subject to Social Security tax of 6.2% and Medicare tax of 1.45%. The journal entry to record Payroll Tax Expense for the pay period would be:
A.
| Payroll Taxes Expense | 453 | |||
| Employee Income Tax Payable | 300 | |||
| Social Security Tax Payable | 124 | |||
| Medicare Tax Payable | 29 | |||
B.
| Payroll Taxes Expense | 153 | |||
| Social Security Tax Payable | 124 | |||
| Medicare Tax Payable | 29 | |||
C.
| Social Security Tax Payable | 124 | |||
| Medicare Tax Payable | 29 | |||
| Payroll Taxes Expense | 153 | |||
D.
| Payroll Taxes Expense | 414 | |||
| Social Security Tax Payable | 124 | |||
| Medicare Tax Payable | 290 | |||
______ was passed to give employees 60 days’ advance notice in cases of plant closings or large-scale layoffs.
A. Worker Adjustment and Retraining Notification Act of 1988 (WARN) B. National Labor Relations Act of 1935 (NLRA—Wagner Act) C. Labor Management Relations Act of 1947 (LMRA—Taft-Hartley Act) D. Labor Management Reporting Disclosure Act of 1959 (LMRDA—Landrum-Griffin Act)
The potential performance of new goods, services, and/or store outlets can be assessed using _____
a. a sales opportunity grid b. a market share/market growth grid c. estimated markups d. a product/market attractiveness grid
Marcel Lepine and Charles Aucoin are the two equal shareholders of a corporation that runs a clothing business. They begin to fight to the extent that they won't speak to each other even to manage the business
Marcel brings a court application under the shareholder oppression remedy to get a court order that the corporation buy his shares. The corporation has the money to do so, but Charles won't agree to the purchase. Which of the following is TRUE? A) Marcel will not be successful on the court application because there has merely been a deadlock and no oppression. B) Deadlock between shareholders is sufficient grounds for an order under the shareholder oppression remedy. C) The court will only order a sale to strangers and not order the corporation to purchase Marcel's shares. D) This is a common situation and not serious enough to justify any of the oppression remedies. E) The court cannot order Charles to agree to the purchase.