All of the following are factors influencing ethical decision making and judgments EXCEPT:
A. rate of prosecution
B. top management actions on ethics
C. probability of a harmful outcome
D. number of people to be affected
E. social consensus
Answer: A
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Which of the following conclusions about human nature and morality can be drawn from the Stanley Milgram experiment involving electric shocks?
a. Personal gain does not often factor into unethical behavior that harms others. b. People will choose to harm others if they believe it makes the community healthier. c. Good people have basic moral boundaries that almost nothing will compel them to cross. d. Direction from authority can convince good people to harm others.
The purpose of a diversity initiative is to
a. help employees learn to ignore cultural factors on the job. b. eliminate a sense of humor when dealing with cultural mistakes. c. learn to view others as individuals rather than members of stereotypical groups. d. accomplish all of the above.
Glebe Company accepted a credit card account receivable in exchange for $1,100 of services provided to a customer. The credit card company charges a 5% fee for handling the transaction. What effect will the collection of cash from the credit card company have on the elements of the financial statements?
A. Increase assets by $1,045 B. Increase assets by $1,100 C. Decrease assets and stockholders' equity by $55 D. None of these answer choices are correct
The following two items are from Marcia White's "Dining Out" expense category:
1. January monthly variance = $25 (favorable); 2. February cumulative variance = -$10 (unfavorable). If Marcia budgeted $85 a month for this activity, we know that she A) spent $60 in January and $95 in February. B) spent $60 in January and $120 in February. C) can bring the activity back within budget by spending $85 in March. D) has not budgeted properly.