Proactive measures to prevent organizational ethics problems include all of the following, except
A. using leaders as role models of ethical behaviour.
B. issuing statements describing the organization's commitment to certain standards of behaviour.
C. instituting a reward system which considers outcomes as its primary criterion.
D. using the organization's information systems as a control system.
Answer: C
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Which of the following is true of the American realist school of law?
A) It sees law as part of society and a means of enforcing political and social values. B) It says that judges and legislators should use an inventory of community interests to familiarize themselves with the community's standards and mores. C) It believes that morality is important to determine whether discrimination exists when a business pays workers differently on the basis of their sex, race, religion, or ethnic origin. D) It is the same as the sociological school because it focuses on the larger community to determine the meaning of law.
The Antitrust Enforcement Assistance Act of 1994 gave the U.S. Department of Justice authority to negotiate "mutual assistance" agreements with foreign antitrust enforcers
Indicate whether the statement is true or false
Stan incorporates his scientific products business as Tech Precision Supply, Inc. This firm could have perpetual existence in
A. a few states. B. all states. C. most states. D. no states.
Exhibit 4.1The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $)Assets 2018 Cash and securities $3,000 Accounts receivable 15,000 Inventories 18,000 Total current assets $36,000 Net plant and equipment $24,000 Total assets $60,000 Liabilities and Equity Accounts payable $18,630 Accruals 8,370 Notes payable 6,000 Total current liabilities $33,000 Long-term bonds $9,000 Total liabilities $42,000 Common stock $5,040 Retained earnings 12,960 Total common equity $18,000 Total liabilities and equity $60,000 Income Statement (Millions of
$)2018Net sales $84,000 Operating costs except depreciation78,120 Depreciation 1,680 Earnings before interest and taxes (EBIT)$4,200 Less interest 900 Earnings before taxes (EBT) $3,300 Taxes 1,320 Net income $1,980 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of $) $693.00 Int rate on notes payable & L-T bonds6% Federal plus state income tax rate40% Year-end stock price $47.52 ? Refer to Exhibit 4.1. What is the firm's BEP? Do not round your intermediate calculations. A. 7.28% B. 6.72% C. 7.00% D. 7.63% E. 6.79%