In a short essay, set out the key steps that firms need to follow to evaluate their corporate culture to develop an effective integrity strategy.
What will be an ideal response?
Managers model, communicate, and reinforce ethical behavior to their employees. Top
management model to lower-level managers in these same ways to create an environment of
ethical integrity.
Top-level managers are responsible for ensuring that the corporate culture supports ethical
behavior. Deloitte recommends that managers ask the following questions as part of their cultural
assessment of their firms:
? Do rank-and-file employees understand the tone set by senior management?
? Do you know, without a doubt, that your organization’s culture encourages ethical
behavior at all levels?
? Can employees throughout your organization describe the company’s code of ethics?
? Do employees in all areas of your organization ask questions and express concerns?
? Do your employees believe that the mechanisms are in place to allow them to voice
opinions without fear of retribution?
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The balance in Allowance for Doubtful Accounts must be considered prior to end of period adjustment when using which of the following methods?
A) Allowance method B) Direct write-off method C) Accrual method D) Net realizable method
A creditor beneficiary can sue the promisor directly for breach.
Answer the following statement true (T) or false (F)
Companies that rely on the marketing concept and that have implemented a market orientation strategy recognize that:
A. price is the most important variable for customers B. sales depend predominantly on an aggressive sales force C. what the customer thinks he or she is buying is what is important D. a company has to apply scientific management techniques to survive E. selling and marketing are essentially the same thing
Discuss the requirements of promissory estoppel.
What will be an ideal response?