Chapter 1, Problem 1.3EC

1. suppose the government is introducing a new law that alcohol producers can no longer advertise because it can negatively affect young people. In what environment would this change occur? a) Micro-environment b) Market Environment c) Macro-environment d) Competitive environment e) strategic environment

Nestlés reputation was damaged when the company was accused of which of the following? A. forcing mothers to buy baby formula within days of delivering their bables B. promoting inadequate nutrition in developing countries C. providing cheap formula to mothers in developing countries, but more expensive to mothers in developed countries D. selling poor quality bottled water to developing countries

Which of the following are external threats to revenue security? (select all that apply) A guest who walks out before the bill is presented An employee using voided sales to steal cash A quick-change artist A guest who forgot to pay

What if  the car companiesTesla  and Ford are operating in a country that the social and environmental accounting is voluntary? would there be any differences?

Which of the following describes disjoint events? Select one: a.Planning a picnic: Event that Friday 13th is chosen for a picnic; Event that it rains on the day of the picnic. b.A person's lifestyle choices: Event the person is a smoker; Event the person drinks heavily. c.What party does a voter prefer: Event the voter prefers Labour Party; Event the voter prefers National Party. d.A person's preferences: Event the person likes shopping for clothes; Event the person likes shopping for garden plants.

Making a sale to customer who are already behind in making the payments on account is a threat. Rena is making a credit sale to Sara, a customer who is already six months behind in making payments on his account. What internal control procedure(s) would provide protection against these threats?

Superior Markets, Incorporated, operates three stores in a large metropolitan area. A segmented absorption costing income statement for the company for the last quarter is given below: Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total expenses Net operating income (loss) Selling expenses: Sales salaries Direct advertising General advertising* Store rent Depreciation of store fixtures Delivery salaries Depreciation of delivery equipment Total selling expenses Superior Markets, Incorporated Income Statement For the Quarter Ended September 30 Total $ 3,240,000 1,789,776 1,450,224 Administrative expenses: Store managers' salaries General office salaries* Insurance on fixtures and inventory Utilities Employment taxes General office-other* 882,360 413,640 1,296,000 $ 154,224 Total administrative expenses *Allocated on the basis of sales dollars. a. The breakdown of the selling and administrative expenses that are shown…

A vegetable vendor gave eight hundred grams of tomatoes to a lady who had asked for one kilogram of it. What type of unethical act you observe here? a. Riba b. Giving short measures c. Swearing d. Hoarding