Return on investment (ROI) is calculated as follows:
A) operating income/average operating assets
B) average operating assets/operating income
C) (beginning operating assets + ending operating assets)/2
D) sales/average operating assets
E) operating income/sales
A
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Enforcement of the ethics code is essential to be effective. Which of the following elements of compliance is not relevant?
a. Top management and their supervisors participating in the same programs as employees b. Static and not updated c. Consistency in enforcement d. Clarity of the code contents
What is meant by corporate direction? Why is it necessary to set corporate direction?
What will be an ideal response?
The financial manager of a firm prepares financial statements that recognize revenue at the point of sale and expenses when incurred
Indicate whether the statement is true or false
Which of the following statements is true of criminal law?
A. It deals with penalizing those who commit illegal acts. B. It is an unwritten law derived from judicial decisions. C. It deals with the rights and powers of the government. D. It implies that everyone is entitled to a day in court.