Control systems that monitor and penalize the ethical behavior of salespeople are a useful tool in creating an ethical work environment.
Answer the following statement true (T) or false (F)
True
Control systems must be established to encourage ethical behavior. Methods should be employed to determine whether salespeople give bribes, falsify reports, or pad expenses. Dismissal, demotion, suspension, reprimand, and withholding of sales commissions would be possible penalties for unethical sales practices.
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A business firm has a duty to exercise reasonable care to protect its business invitees.
Answer the following statement true (T) or false (F)
A company has had stable sales and production for several years. Next year, sales are expected to increase by at least 50%. Assuming that the company maintains its policy for desired ending inventories of finished product and direct materials purchases, what will be the likely effect on the desired ending inventory of finished product?
A) it will increase B) it will decrease C) it will stay the same D) none of these E) it will be twice the size of the desired ending inventory of raw materials
The ________ is a federal act designed to prevent fraud and other abuses associated with private pension funds
A) Employee Retirement Income Security Act B) Consolidated Omnibus Budget Reconciliation Act C) Fair Labor Standards Act D) Family and Medical Leave Act
A company's quick assets are $173,000 and its current liabilities are $151,000. This company's acid-test ratio is 1.15.
Answer the following statement true (T) or false (F)