______ corporate social responsibility focuses on profitability and doing what is right, just, and fair.
A. Unethical
B. Ethical
C. Internal
D. Cultural
B. Ethical
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Which of the following is not a primary objective of internal control as established by COSO?
A. Efficiency and effectiveness of operations. B. Reliable financial reporting. C. Effective purchasing systems. D. Compliance with laws and regulations.
An express agency requires:
A) An oral or written agreement between the principal and agent. B) No agreement if the conduct indicates an implied agreement. C) A written agreement between the principal and agent. D) An ongoing arrangement for a reasonable period of time.
Common stockholders have the right to _____.
A. vote for the changes in a firm's charter B. convert their stock into bonds C. receive the cash distributions before preferred stockholders D. receive the par value of shares on liquidation E. receive cumulative dividends
Lowell runs Medical Debt Collection Agency. He collects debts by misrepresenting the facts and pretending to be licensed to perform various occupations. Lowell's conduct most likely warrants
a. an admonition for unethical behavior but no other sanctions. b. an injunction plus other sanctions. c. no sanctions but no praise. d. praise for the aggressive approach to collecting debts.