When should managers talk about ethical issues with employees?
What will be an ideal response?
An approachable manager makes ethical issues a regular part of dialogue instead
of waiting for specific issues to rise, thus making employees more comfortable with
raising such issues.
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Closing Factory Overhead includes
a. a debit and credit to Factory Overhead; b. a debit only to Factory Overhead; c. a credit only to Factory Overhead; d. a debit to Cost of Goods Sold; e. a credit to Finished Goods
Job cost sheets include both product and period costs.
Answer the following statement true (T) or false (F)
The consensus approach is the most efficient way to reach closure as there is only one decision maker.
Answer the following statement true (T) or false (F)
All of the following are criticisms of the payback period criterion EXCEPT
A) it deals with accounting profits as opposed to cash flows. B) cash flows occurring after the payback are ignored. C) time value of money is not accounted for. D) None of the above; they are all criticisms of the payback period criteria.