Which of the following benefits was previously offered on a discretionary basis, but, is now mandatory?
A) health insurance
B) retirement plans
C) paid time off
D) employee assistance programs
Answer: A
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Sam Company reported the following amounts on its income statement: Net income$100,000 Cost of goods sold 400,000 Gross margin 200,000 Based on the information provided, what was the amount of sales reported on the income statement?
A. $300,000 B. $600,000 C. $700,000 D. $200,000
A description method used when a product or service is proprietary or when there is a perceived advantage to using a particular supplier's product or services is:
A) description by market grade. B) description by brand. C) description by specification. D) description by performance characteristics.
Which of the following products is most likely to be in the decline stage of its product life cycle?
A. cookie mixes B. wireless mobile phones C. programmable CD-ROMs D. funeral caskets E. prerecorded audiocassette tapes
The manager of a profit center of a large electronics manufacturing corporation made some projections regarding sales and profits for the upcoming fourth quarter of the year. The managers' performance evaluation and compensation depended significantly on his ability to meet budget goals. The manager discovered that the fourth quarter would have to be a particularly good quarter in order to meet these goals. He decided to implement a sales program offering liberal payment terms in order to pull some sales that would normally occur next year into the current year. Customers accepting delivery in the fourth quarter would not have to pay the invoice for 140 days. Also, he sold some equipment that was not being used and realized a significant profit on the sale.Are these actions ethical?
Why or why not? What will be an ideal response?