What conclusion about ethical corporate behavior can be drawn from the lawsuits and payouts that R.J. Reynolds, Lorillard, and Philip Morris continue to be subject to?
a. A culture of unethical behavior can be more costly than specific actions.
b. Even if upper management initiates unethical behavior, lower-level employees often pay the highest costs.
c. Just because an organization’s behavior is legal does not mean there will not be
ethical and financial costs.
d. State and local governments can exact steep costs even from international
corporations.
c. Just because an organization’s behavior is legal does not mean there will not be
ethical and financial costs.
You might also like to view...
Which one of the following is not an external user of financial statements?
a. Suppliers b. Creditors c. Investors d. The company's controller
Which of the following is an internal source of product information for a customer?
A. Search engines B. Websites C. Product demonstrations D. Past shopping experiences E. Blogs
The variable overhead efficiency variance is the difference between actual total overhead costs incurred and the total overhead costs applied using the standard overhead rates
Indicate whether the statement is true or false
Analysis reveals that a company had a net increase in cash of $21,430 for the current year. Net cash provided by operating activities was $19,300; net cash used in investing activities was $10,650 and net cash provided by financing activities was $12,780. If the year-end cash balance is $25,950, the beginning cash balance was:
A. $41,860. B. $4520. C. $47,380. D. $42,860. E. $16,910.