Which of the following statements about implementing an ethics and legal compliance program is false?
A. It requires open communication.
B. It requires consistent enforcement of standards from the code of conduct.
C. It rarely needs to be revised.
D. It requires taking reasonable steps in response to violations of standards.
E. It helps create a buffer zone on issues that could trigger serious legal complications for the company.
Answer: C
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The following data pertains to activity and maintenance cost for two recent periods: Activity level (units) 8,000 7,000Maintenance cost$34,000 $31,500Maintenance cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for maintenance cost is: (Round your intermediate calculations to 2 decimal places.)
A. Y = $4.50 X B. Y = $2,500 + $4.25 X C. Y = $4.25 X D. Y = $14,000 + $2.50 X
Coca-Cola Company's global marketing leadership position is based in part on its ability to put Coke "within an arm's reach of desire"; in other words, it is the ability to create:
A) place utility. B) time utility. C) form utility. D) information utility. E) all of the above
Which of the following can become a benefit of the social media environment for the organization?
A) Online rumors B) False information C) Attacks on the company's reputation D) Customers who feel they have been treated unfairly E) Suggestions for product improvement
On March 1, 2010, Darby Corporation sold 82 of its 9 percent, $1,000 bonds for a price of 96 plus accrued interest. The accrued interest amounted to $1,000 . If a balance sheet were to be prepared at the end of the day, March 1, 2010, the carrying value reported for the bonds payable would be
a. $82,000. b. $78,720. c. $79,540. d. $77,900.