The text discusses a red-flag checklist of questions regarding personal traits of executives which might help uncover fraudulent activity. List three of these questions
Executives: with high personal debt, living beyond their means, engaged in habitual gambling, appearing to abuse alcohol or drugs, appearing to lack personal codes of ethics, appearing to be unstable, having close associations with suppliers
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______ cultures focus on supporting employees’ strengths, increasing morale, and providing rewards for good work.
What will be an ideal response?
Which of the following is awarded to businesses and organizations in Europe that excel in quality management?
A) EFQM Excellence Award B) Deming Prize C) Malcolm Baldrige National Quality Award D) ISO 9000 Award
Which of the following characterizes the current business environment as compared to that at the time the National Labor Relations Act was passed?
A. Clear differences exist between "manual" and "managerial" labor. B. American domination of world markets. C. More mass manufacturing production systems. D. Greater emphasis on the importance and need for knowledgeable workers.
Whidbey Co. fixed budget for the year is shown below:Sales (50,000 units) …………………………?$1,300,000Cost of goods sold:?? Direct materials …………………………$150,000? Direct labor ………………………………450,000? Overhead (includes $2 per unit variableoverhead) …………………………………… 240,000 840,000 Gross profit ………………………………?$ 460,000Selling expenses:?? Sales commissions (all variable) …………60,000? Rent (all fixed) ……………………………40,000? Insurance (all fixed) ………………………35,000?General and administrative expenses:?? Salaries (all fixed) ………………………72,000? Rent (all fixed)
……………………………54,000? Depreciation (all fixed) ………………… 31,000 292,000Net income from operations …………………?$ 168,000Prepare a flexible budget for Whidbey Co. that shows a detailed budget for its actual sales volume of 42,000 units. Use the contribution margin format. What will be an ideal response?