What are the three elements of supply chain sustainability? Describe how each works and provide an example from industry for each
What will be an ideal response?
The three elements of supply chain sustainability include social responsibility, environmental responsibility, and financial responsibility. Social responsibility addresses the moral, ethical, and philanthropic expectations that society has of an organization. Environmental responsibility addresses the ecological needs of the planet and the firm's stewardship of the natural resources used in the production of services and products. The goal is to leave as small an environmental footprint as possible so that future generations can make use of abundant natural resources. Financial responsibility addresses the financial needs of the shareholders, employees, customers, business partners, financial institutions, and any other entity that supplies the capital for the production of services or products or relies on the firm for wages or reimbursements. Examples of each of these elements will vary.
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The intentional loading of sales at the end of a period to customers that do not need the goods at that time should not be recorded as revenues
a. True b. False Indicate whether the statement is true or false
What is the ending balance in Finished Goods Inventory using absorption costing if 550 units are sold? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
Mackenzie, Inc. has collected the following data. (There are no beginning inventories.)
A) $1450
B) $1900
C) $4742
D) $3350
Answer the following statements true (T) or false (F)
1. Plausible deniability is based on the belief that additional commitment is needed for a course of action even if this is not the correct course of action. 2. In direct response to the corporate scandals of Enron and WorldCom, the U.S. Congress passed the Sarbanes-Oxley Act in 2002. 3. Corporate-level fraud refers to fraud which benefits the individual while occupational management fraud would focus on making materially misleading information pertaining to the financial status of the firm. 4. As an industry increases in concentration, the chance that collusion will take place in the industry also increases. 5. As the level of environmental dynamism increases, the potential for top level managers to commit fraud decreases.
Much research has supported the notion that individuals work much harder when they are asked to do their best rather than when they are striving toward a specific goal.
Answer the following statement true (T) or false (F)