What are the examples the book lists as areas in which managers face ethical questions on a daily basis?
What will be an ideal response?
Bribery, corrupt payments to government officials, employment and personnel issues, marketing practices, impact on the economy and environment, employee and customer privacy.
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Bill contributed business realty ($375,000 FMV and $113,000 adjusted basis) to Zeta Inc. in exchange for Zeta common stock. Immediately after the exchange, Bill owned 53% of Zeta's outstanding stock. Compute gain recognized by Bill and by Zeta on this exchange.
A. Bill $0; Zeta $375,000 B. Bill $0; Zeta $0 C. Bill $262,000; Zeta $0 D. Bill $262,000; Zeta $375,000
Answer the following statements true (T) or false (F)
The study by Lev that examined earnings numbers and stock returns found a high explanatory relationship between earnings and stock returns.
Bettie Corporation uses a weighted-average process costing system to collect costs related to production. The following selected information relates to production for October: Materials ConversionUnits completed and transferred out 50,000 50,000 Equivalent units: work in process, October 31 10,000 4,000 Total equivalent units 60,000 54,000 Materials ConversionCosts in work in process on October 1$9,000 $5,400 Costs added to production during October 243,000 513,000 Total cost$252,000 $518,400 All materials at Bettie are added at the beginning of the production process.What total amount of cost should be assigned to the units in work in process on October 31? (Round your intermediate calculations to 2 decimal places.)
A. $ 80,400 B. $138,000 C. $ 78,500 D. $135,500
Which of the following is not one of the three objectives of a quality program?
a. Product quality should be consistent to always meet the purchaser's need(s). b. A quality program should give management confidence that the quality is and will be at a constant level. c. A quality program should give customers confidence that the intended quality will be acheived in products. d. Product quality should always vary because customers change their wants and needs over time.