You are a member of upper management who is leading an orientation for new hires, and during your first meeting you intend to focus on business ethics. In what way should you start your meeting with the new employees?
a. Explain how the company will not tolerate failures in moral behavior.
b. Address some ethical issues specifically related to your company and industry.
c. Pass out a code of conduct and let employees have some time to read it.
d. Tell the employees not to worry about public perceptions of your industry.
b. Address some ethical issues specifically related to your company and industry.
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What type of question format is the following question?
When you purchased your most recent automobile, what features do you take into consideration? (Check all that apply.) _____Style (e.g., sedan, coupe, wagon, SUV) _____Price _____Quiet ride _____Trunk space _____EPA mileage rating A) Multiple-choice category B) Aided open-ended C) Continuous response D) Dual-choice E) Metric response
Miramar Industries manufactures two products: A and B. The manufacturing operation involves three overhead activities—production setup, material handling, and general factory activities. Miramar uses activity-based costing to allocate overhead to products. An activity analysis of the overhead revealed the following estimated costs and activity bases for these activities:
A. 285,500 B. 325,500 C. 100,500 D. 500,500
A seller contracts to sell some rare coins to a collector for $10,000, to be delivered two months
after the date of the contract. On the date that delivery is due, the coins are worth $12,000 but the seller refuses to deliver. The collector acquires similar coins the following week for $13,000, the best price he can find. What can the collector recover from the seller? A) $3,000 B) $2,000 C) $5,000 D) Nothing, because she chose to enter into a separate contract for the purchase of coins from another seller E) $1,000
Which of the following statements is true of activity-based costing (ABC)?
A. It determines the absolute cost per unit of production. B. It is more complex than the direct labor method. C. It involves a five-stage process. D. It assigns costs based on the "one size fits all" rule.