Corporate codes of conduct go beyond what the law requires, imposing higher standards of honesty and fairness.
Answer the following statement true (T) or false (F)
True
To go beyond the minimum acceptable standard codified in law, many organizations have explicit codes of conduct. These codes go above and beyond the law in detailing how the organization expects an employee to behave and to represent the company in business dealings. Codes of conduct allow an organization to overcome moral hazards and adverse selections as they attempt to resonate with employees' deeper values of justice, fairness, honesty, integrity, and reciprocity.
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Pacius Corporation is conducting a time-driven activity-based costing study in its Customer Service Department. The company has provided the following data to aid in that study:Pacius CorporationCustomer Service DepartmentData InputsResource Data: Number of employees 11 Average salary per employee$39,780 Weeks of employment per year 50 Minutes available per week (40 hours × 60 minutes) 2,400 Practical capacity percentage 85%?Activity Data:Receiving CallsResolving IssuesProcessing Credit ReviewsMinutes per unit of the activity122436?Cost Object Data:Customer SNumber of orders processed35Number of queries resolved18Number of credit reviews processed1?On the Customer Cost Analysis report in time-driven activity-based costing, the total cost assigned to Customer S would be
closest to: A. $168.48 B. $163.80 C. $14.04 D. $346.32
Anchor Company purchased a manufacturing machine with a list price of $99,000 and received a 2% cash discount on the purchase. The machine was delivered under terms FOB shipping point, and transportation costs amounted to $5000. Anchor paid $7200 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $9400 for the first year of operations. What is the cost of the machine?
A. $118,620 B. $102,020 C. $109,220 D. $97,020
The correlation coefficient resulting from a particular regression analysis was 0.25. What was the coefficient of determination?
A) 0.5 B) -0.5 C) 0.0625 D) There is insufficient information to answer the question. E) None of the above
A company has the following unadjusted account balances at December 31, of the current year; Accounts Receivable of $183,400 and Allowance for Doubtful Accounts of $1,600 (credit balance). The company uses the aging of accounts receivable to estimate its bad debts. The following aging schedule reflects its accounts receivable at the current year-end:Account AgeBalanceEstimated Uncollectible PercentageCurrent (not yet due)$106,0002.0%1-30 days past due54,0004.0%30-60 days past due12,00010.0%61-90 days past due8,50025.0%Over 90 days past due2,90075.0%Total$183,400?Calculate the amount of the Allowance for Doubtful Accounts that should appear on the December 31, of the current year, balance sheet.
What will be an ideal response?