Answer the following statements true (T) or false (F)
1. Taking an oath is a required part of implementation of a code of ethics.
2. The NYSE recommends that issues of confidentiality be a part of every code of
conduct.
3. The acceptance of business gratuities is typically just as illegal as bribing or
accepting bribes.
4. Ethical hypocrisy exists in many companies but is not something employees are
generally aware of.
5. Social pressure can be a major reason that code violations go unreported in
companies.
1. FALSE
2. TRUE
3. FALSE
4. FALSE
5. TRUE
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Starbucks dispatches "Chill Patrols" in the summertime to pass out samples of ice-cold Frappuccinos to overheated commuters during rush hour in busy metropolitan areas. This is an example of "point-of-dirt" sampling
Indicate whether the statement is true or false
Which of the following are defined in the text as general approaches utilized in the recognition and measurement of accounting events?
a. Concepts b. Principles c. Postulates d. Axioms
Which of the following is a positive example of an interdependent environment?
a. Leaders and employees pitching into complete a project by the deadline. b. One or two individuals working overtime to complete a project because no one else officially has the responsibility to help them. c. Both of the above. d. Neither of the above.
The Hart-Scott-Rodino Antitrust Improvement Act led to rules requiring:
A) That violators of antitrust laws be liable for treble damages. B) That mergers be allowed if United States competitiveness in world markets is improved. C) That certain activities are classified as per se violations. D) That the Federal Trade Commission and the Justice Department be notified in advance of any merger involving certain firms. E) That failing companies be rescued through mergers whenever possible.