Lawsuits filed against Johnson & Johnson for product defects years after the Tylenol affair best illustrates that:
A. Even good companies can do bad things
B. A reputation for trust can be lost in an instance
C. Good companies are targets of consumer lawsuits
D. Ignoring bad evidence about a product is a bad idea
A. Even good companies can do bad things
You might also like to view...
If an investment in stock is reclassified from available-for-sale securities to trading securities, the stock should be recorded on the date it is reclassified at the
a. market value at the date of acquisition. b. book value at the date of reclassification. c. market value at the date of reclassification. d. lower-of-cost-or-market value at the date of reclassification.
In May, a firm experienced a forecast error of -25. In June and July, the forecast errors were found to be -10 and 20, respectively. What is the firm’s forecast MAD for these three months?
a. -15 b. -5 c. 18.3 d. MAD cannot be determined from the information provided
Employees earn vacation pay at the rate of one day per month. During the month of June, 10 employees qualify for one vacation day each. Their average daily wage is $150 per day. Which of the following is the necessary adjusting journal entry to record the June vacation benefits?
A. Debit Prepaid Vacation Benefits $1,500; credit Vacation Benefits Payable $1,500. B. Debit Vacation Benefits Expense $1,500; credit Vacation Benefits Payable $1,500. C. Debit Vacation Benefits Expense $1,500; credit Prepaid Vacation Benefits $1,500. D. Debit Payroll Tax Expense $1,500; credit Payroll Taxes Payable $1,500. E. Debit Vacation Benefits Payable; credit Vacation Benefits Expense $1,500.
What was Lavery's first step in dealing with the concentrate issues?
a. Canceling the contract b. Ordering less concentrate c. Checking the supplier's facilities d. None of the above