Which of the following does not accurately characterize the IFAC?
a. It produces international financial reporting standards.
b. Its guidelines cannot be imposed on any member organization or nation.
c. Its board produces international standards for ethics, education, and public sector accounting.
d. It produces international standards for auditing and assurance.
ANSWER: A
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At a certain level of operations, per unit costs and selling price are as follows: manufacturing costs, $50; selling and administrative expenses, $10; selling price, $80 . Given this information, the mark-on percentage to manufacturing cost used to determine selling price must have been:
a. 20 percent. b. 60 percent. c. 33 percent. d. 25 percent.
Answer the following statements true (T) or false (F)
1. The purpose of a code of ethics is to state an organization's expectations for the behavior of all its external stakeholders. 2. Ethics training can enhance high ethical standards in the workplace, even when a company has of a strong code of ethics. 3. In some cases, the IRS financially rewards whistle-blowers. 4. Corporate social responsibility (CSR) is the notion that corporations are expected to create a positive and enriching environment for employees.
Guidelines established by the National Association of Broadcast Communicators state which of the following in regards to VNRs?
A) All aired videos must indicate the parties responsible for developing the release. B) Third-party videos may not be edited by reporters and must be run in their entirety. C) Sponsorship information must be disclosed when the content is political or controversial. D) Journalists must disclose to audiences any association they have with the creator of the video. E) Sponsors may not pay reporters or television stations for airing videos created for PR purposes.
If the manufacturer used actual footage of the sports celebrity engaged in athletic competition in order to create the appearance that the celebrity endorsed its product, when she did not, the female athlete's best course of action against the manufacturer would be for
a. Commercial appropriation b. Defamation c. Public Disclosure of Private Facts d. Intrusion into plaintiff's solitude