List the elements of a successful environmental auditing program
What will be an ideal response?
The elements of a successful environmental auditing program include:
a. Explicit senior management support for environmental auditing and the willingness to follow up on the findings
b. An environmental auditing function independent of audited activities
c. Adequate auditor training and staffing
d. An explicit audit program, with objectives, scope, resources, and frequency
e. A process that collects, analyzes, interprets, and documents information sufficient to achieve audit objectives
f. A process that includes specific procedures to promptly prepare candid, clear, and appropriate written reports on audit findings, corrective actions, and schedules for implementation
g. A process that includes quality assurance procedures to verify the accuracy and thoroughness of such audits
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According to Porter, the nature of the interaction between potential industry entrants, buyers, substitute products, suppliers, and rival firms determines:
A) whether or not the government will launch an antitrust investigation. B) the industry's profit potential in terms of long-run return on invested capital. C) whether a country can generate a balance of payments surplus. D) whether a country can create a comparative advantage in the production of differentiated products. E) whether a country can generate income by innovation.
Consider the following situation: Local livestock farmers could allow the runoff of manure nutrients into a stream that feeds a local lake because polluting the stream helps farmers in the short term. However, farmers will act ethically in the short run to avoid harming others in the long run because doing so is also in the farmer's best long-term interests. This type of thinking reflects the _____ approach to deciding ethical dilemmas.
A. individual B. group C. moral-rights D. utilitarian E. justice
________ is not affected in the static and flexible budget
a. Total direct material b. Total direct labor c. Total variable overhead d. Factory rent
Prado Loyola is a race-car driver who has signed an agreement with the racing team Provolt, stating that Provolt is not responsible for the dangers involved in racing and that Loyola participates in all car races voluntarily, with full knowledge of
the risk of injury or death that might result as a consequence. During the course of the race, a slight drizzle that covers the windshield affects Loyola's visibility, and he misses a turn, resulting in a crash. Which of the following defenses can the Provost team cite to protect itself from liability in the event that Loyola sues them? A) res ipsa loquitur B) assumption of the risk C) private necessity D) breach of the duty of care