A multinational automobile manufacturer issues a public statement that the company's vehicle emissions tests had been falsified to meet environmental compliance standards over recent years using software specifically designed for that purpose. Following the news, the CEO is replaced, vehicle sales plummet, and the company's stock price sharply declines. Which of the following has the company incurred?
A. only visible and internal administrative costs
B. internal administrative costs but not intangible costs
C. internal administrative costs but not visible costs
D. visible but not intangible costs
E. visible and intangible costs
Answer: E
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Which of the following is intended for one-time use and is not likely to be repeated in the future?
A. a procedure B. a policy C. a program D. a rule E. a standing plan
What does the phrase, "Revenue is recognized at the point of sale" mean?
a. Revenue is recorded in the accounting records when the goods are received from a supplier, and reported on the income statement when sold to the customer. b. Revenue is recorded in the accounting records and reported on the income statement when the cash is received from the customer. c. Revenue is recorded in the accounting records when the goods are sold to a customer, and reported on the income statement when the cash payment is received from the customer. d. Revenue is recorded in the accounting records and reported on the income statement when goods are sold and delivered to a customer.
Data that have been collected for some other purpose than to answer the question at hand are called ________
A) primary data B) secondary data C) mined data D) experimental data E) ethnographic data
The process of planning for smooth transitions when key employees depart or get promoted in order to minimize disruption of the organization’s work is called ______.
A. succession planning B. turnover planning C. absenteeism D. voluntary turnover