Scenario 3.3 Use the following to answer the questions. Hershey Foods was founded in the 19th century by Milton Hershey, who had a strong ethical value system-always show integrity, be honest, and respect others. Hershey felt it was important to provide high-quality goods and services of real value at competitive prices that would provide an adequate return on investment. He also founded the Milton Hershey School, operating today as a cost-free, private home and school dedicated to helping children with social needs and limited resources. The company also focuses on environmental issues, such as reducing waste by 360,000 pounds annually by redesigning Hershey's Syrup caps. Hershey Foods has an ethics compliance program that includes a code of ethics and training, guidelines for handling
legal and ethical issues, an 800 number for assistance with ethical issues, and support from supervisors and human resource managers in dealing with ethical issues. However, in the last few years, Hershey has been criticized by several advocacy groups concerning the sourcing of its chocolate from West Africa where many of the companies use child labor. While Hershey is the largest chocolate candy producer in America, it lags behind other major chocolate producers with regard to certifying its chocolate as child labor-free. Refer to Scenario 3.3. The criticism of Hershey's sourcing for chocolate is an example of ____, while the potential use of child labor to produce Hershey products impacts its level of commitment to ______.
A. consumerism; organizational culture
B. ethics; social responsibility
C. shareholder orientation; social responsibility
D. ethical climate; ethics
E. consumerism; sustainability practices
Answer: E
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When reconciling the bank statement, outstanding checks should be
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A liability for dividends is created
a. at the end of each fiscal year. b. at the date of payment. c. at the date of record. d. at the date of declaration.
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Adella executed a deed and put it under her mattress along with a note directing that the deed is to be delivered to her cousin, Faro, upon her death. What will be the result of such an act?
A. The deed becomes effective and passes title to Faro the day he gets it. B. The deed is not effective to pass title after Adella's death. C. The deed is not effective to pass title because Adella did not record it. D. The deed effectively passes title to Faro upon Adella's death.