A whistle-blower ________
A) breaks the law when he or she informs an outside agency about violations in the workplace
B) is someone who helps a company recover from a highly publicized ethical lapse
C) does not receive any legal protection
D) is a new leader brought in after a scandal to set an example of the new ethical image of the company
E) is someone who reports misconduct occurring in his or her workplace
E
Explanation: E) A whistle-blower is an employee who reports misconduct in the workplace, most often to an authority outside the firm. Legal protection for whistle blowers varies from state to state and industry to industry.
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Which of the following statements regarding capital expenditures is incorrect?
A) Capital expenditures are purchases of long-term assets. B) The decision to purchase long-term assets is part of a strategic plan. C) Capital expenditures include delivery trucks, computer systems, and manufacturing equipment. D) Installment payments related to the purchase of short-term assets are included in the capital expenditures budget.
Automobile recalls
a. are administered by the National Highway Traffic Safety Commission. b. may be mandated. c. may be voluntary. d. all of the above
Which of the following is NOT an example of a type of inventory management activity?
A) JIT or just-in-time inventory control system B) RFI or radio frequency identification systems. C) EOQ or economic order quantity formulas. D) All of the above are forms of inventory control.
A management accountant was working on a cash budget for Oklahoma Company when he accidentally spilled his coffee. Some of the liquid splattered on his working papers, rendering a few of the amounts illegible. The budget with missing amounts indicated is provided below: Oklahoma CompanyCash BudgetFor the Quarter Ended March 31 January February MarchSection 1: Cash Receipts Beginning cash balance$7,500 (f) (k) Add: Cash receipts (a) 187,500 255,000 Total cash available$262,500 (g) (l) Section 2: Cash Payments For inventory purchases$127,500 $112,500 $118,500 For S&A expenses (b) 67,500 69,000 For asset purchases 37,500 37,500 37,500 For interest
expenses 0 0 (m) Total disbursements$240,000 $217,500 $225,150 Section 3: Financing Activities Surplus (shortage) (c) (h) (n) Borrowing (repayments) (d) (i) (o) Ending cash balance (e) (j) (p) The company desires to maintain an ending cash balance of at least $7,500 each month. In any month in which there is cash shortage, the company's bank will extend it a loan equal to the shortage amount. The loan is assumed to have been made on the last day of the month. Any time the company has a cash surplus it must repay as much of any outstanding loans as possible. The bank charges monthly interest of 1% on any outstanding loan balance.Required:Compute the missing amounts for items (a) through (p). What will be an ideal response?