Is a competitive strategy based on ethical relativism a "one-size-fits-all" approach? Explain your answer.
What will be an ideal response?
Ethical relativism frequently calls for multiple sets of ethical standards, that is, it holds that a "one-size-fits-all" template for judging the ethical appropriateness of business actions and the behaviors of company personnel is totally inappropriate. It advocates multiple sets of ethical standards because it believes that whether certain actions or behaviors are ethically right or wrong depends on the ethical norms of the country or culture in which they take place. Multiple sets of ethical standards are inevitable when it is considered appropriate for local ethical standards to take precedence over what the ethical standards may be in a company's home market.
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An Enterprise Resource Planning system (ERP) ________.
A) is a cost management system in which a company produces products just in time to satisfy needs B) requires the implementation of Total Quality Management C) integrates all worldwide functions, departments, and data of a company into a single system D) cannot be implemented in service companies
A company using very tight (high) standards in a standard cost system should expect that
a. no incentive bonus will be paid. b. most variances will be unfavorable. c. employees will be strongly motivated to attain the standards. d. costs will be controlled better than if lower standards were used.
The use of the allowance for doubtful accounts approach:
a. should not be used if the customers are highly concentrated. b. increases the allowance for doubtful accounts when an account is written off. c. results in a matching of uncollectible accounts expense with the related sales that led to the expense. d. does not recognize an expense when the allowance is set up.
The following are types of marks that can be registered except:
A) Performance marks. B) Service marks. C) Trademarks. D) Certification marks. E) Collective marks.