Sam, the chief accounting officer of Texas Fencing Corporation, wants to be sure that all the company's accounts are legal and ethical. Sometimes, however, he is unsure exactly what is legal and what is illegal. Sam should

A) not worry about what is legal or illegal as long as the corporate officers benefit in the short run
B) try his best to not do anything illegal and keep documentation showing that he always acts in good faith.
C) not worry about what is legal or illegal as long as it benefits the shareholders.
D) not worry about what is legal or illegal as long as it benefits the directors of the corporation.


B

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If jetliners are a capital-intensive product, and the United States exports jetliners, then the Heckscher-Ohlin theory predicts that the United States is

a. a labor abundant country. b. a land abundant country. c. a capital abundant country. d. an energy abundant country.

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Explain the concept of derived demand

What will be an ideal response?

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Which of the following best describes what research has shown about the job performance of older employees?

a. There are no discovered negatives in job productivity, but several positives have been found. b. Older employees demonstrated some loss in job productivity, but it was made up for by other positives, such as leadership qualities. c. A slight decline in job productivity and performance was found across a range of factors. d. A major decline in job productivity and performance was found across a range of factors.

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Answer the following statement(s) true (T) or false (F)

1. Union contracts do not contain grievance procedures. 2. Unions can be decertified through an election process. 3. Compensation components include all rewards that can be classified as monetary payments and in-kind payments. 4. Compensation components only include monetary payments to an employee. 5. When we design compensation programs, we are trying to motivate the employee to do the things that we need them to do, consistently, over a period of time.

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