Which of the following statements is true of global ethics?
A. All countries follow similar levels of ethical standard.
B. Questions related to what is ethical and not ethical always have simple answers.
C. It is unethical to give bribes in America.
D. Managers using universalism would give bribes in some countries.
Answer: C
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The rationale behind why the Glass-Steagall Act mandated the ban on commercial banks from dealing in securities markets and selling insurance was that such activities:
A. encouraged the banks to engage in fraudulent activities. B. exhausted the business assets of investment banks and insurance companies. C. reduced the banks' funds to create loans for their customers. D. exposed banks and their depositors to higher levels of risk.
Wujin Chu, marketing manager for Innovative Electronics Products, reviews a S.W.O.T. analysis to help him evaluate four new-product ideas his company is currently considering. Chu is operating in the ________ step of the new-product development process.
A. development B. screening C. idea generation D. idea evaluation E. commercialization
Consumers are randomly selected and asked to try one of three products and then give it a score between 1 and 10, with a higher score being better. Which test would you use to determine if the product evaluations differed?
a. A chi-square test b. A test of proportions c. Kruskal-Wallis test d. Wilcoxon rank sum test
Which of the following ledger accounts would be least likely to be analyzed in detail by auditors?
A. Supplies expense. B. Professional fees. C. Repairs and maintenance. D. Miscellaneous revenue.