1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
uranmaximum [27]
3 years ago
6

It is rumored that the Illinois Operations Manager, Sam, has requested the quarterly budget to include an available position for

a new team leader for one of the assembly areas. The rumor also indicates that a major competitor's primary team leader, who is a close friend of Sam's, may need a job due to the competitor's strategic plans to downsize. Sam wants to hire this specific team leader because he thinks the team leader may be able to share some of the competitor's cost-cutting assembly methods.
As the Chief Liaison Officer, which choice is the best ethical decision?
Select an option from the choices below and click Submit.
A) Convene a meeting and ask Sam to substantiate the need for a new team leader. Explain what you've heard regarding the rumors that are occurring in the facility.
B) Convene a meeting and ask Sam to substantiate the need for a new team leader. Review the ethics policy and company hiring guidelines. Express your concerns about the budget.
C) Convene a meeting and tell Sam he will not have a budget that includes the hiring of a new team leader. Do not mention anything about the rumors
Business
1 answer:
vovangra [49]3 years ago
7 0

Answer:

The correct answer is letter "B": Convene a meeting and ask Sam to substantiate the need for a new team leader. Review the ethics policy and company hiring guidelines. Express your concerns about the budget.

Explanation:

First of all, the company must <em>confirm if there is really a need for a team leader in the assembly area</em>. If so, the benefits of having such a professional must be pointed out. If approved, because of the rumors of Sam hiring a friend for the position,<em> the ethics policy and company hiring guidelines must be clarified</em> in order to let Sam know that the new leader must be selected after the evaluation of a number of applicants who can could suitable for the position. Last but not least, the details of the reasonable income this new leader will receive should be explained to find out <em>what would be</em> <em>the impact on the company's budget</em>.

You might be interested in
The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August 20Y9:
Marizza181 [45]

Answer:

Adjusted bank account balance = Adjusted cash book balance = $34,500

Explanation:

Note: The correct requirement of this question is actually as follows:

Prepare a bank reconciliation.

It is not the ones erroneously stated in the question.

The bank reconciliation can now be prepared as follows:

Wolfpack Bread Inc.

Bank Reconciliation

August 31, 20Y9

Statement of Adjusted Bank Account Balance  

<u>Details                                                                       Amount ($)  </u>

Cash balance according to bank statement              33,580

Add:

Deposit in transit, not recorded by bank                    14,260

Less:

Checks outstanding                                                  <u>   (13,340)  </u>

Adjusted bank account balance                            <u>    34,500  </u>

Statement of Adjusted Cash Book Balance  

<u>Details                                                                       Amount ($)   </u>

Cash balance according to Wolfpack                         34,437

Add:

Check error ($762 - $276)                                              486

Less:

Bank service charges                                                     (144)

Other reconciling items (w.1)                                      <u>   (279)  </u>

Adjusted cash book balance                                    <u>  34,500  </u>

<u>Working:</u>

w.1: Other reconciling items = Cash balance according to Wolfpack + Check error ($762 - $276) - Bank service charges - Adjusted bank account balance = $34,437 + 486 - 144 - $34,500 = $279

7 0
3 years ago
The needs of users of government financial reports are the same as those of users of business entity financial reports.
olga55 [171]

Answer:

FALSE

Explanation:

The needs of users of government financial reports are NOT the same as those of users of business entity financial reports.

Users who are interested in government financial reports which has to do with understanding the financial performance of federal, state and local governments ; do so, to understand if the purpose of governance is being achieved which is the well-being of the citizens (Economy and Defense).  

Contrariwise, users of business entity financial reports, which has to do with understanding the financial performance of business organisations, do so, to understand if the purpose of business establishment is being achieved which is the profit-maximization.

5 0
3 years ago
In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a
Ede4ka [16]

Answer:

The answer is: C) the Sarbanes-Oxley Act

Explanation:

The Sarbanes-Oxley Act (July 30th, 2002) was designed to oversee the financial reporting for corporations' finance professionals. One of its main goals is to protect investors by improving the accuracy and reliability of  disclosed corporate financial statements.

5 0
3 years ago
Stuart Concrete Company pours concrete slabs for single-family dwellings. Lancing Construction Company, which operates outside S
Karo-lina-s [1.5K]

Answer:

a) Contribution from the special order= $52,640.  

b) Stuart should accept the order

Explanation:

The amount of contribution to profit from the special order is the difference between the revenue  and the relevant cost of variable cost of the special order.

The relevant cost of the special order is equal the sum of all variable cost only.

Note that the allocated facility overhead is irrelevant to whether to accept or reject the order. This is so because the costs would still be incurred either way.

Relevant variable costs of special order = (880 + 510) × 47 = $65,330

Sales revenue = 2,510 × 47 =  $117,970.00

Contribution from the special order =$117,970.00 -  $65,330

                                                            = $52,640.00

B) Stuart should accept the special order because it would increase its profit by $52,640.  

5 0
3 years ago
These items are taken from the financial statements of Martin Corporation for 2017.
ella [17]

Answer:

Service revenue                                    68,000

Utilities expense                             2,000

Maintenance and repairs expense 1,800

Depreciation expense                    3,600

Insurance expense                         2,200

Salaries and wages expense       37,000

Total expenses                                <u>     (46,600)   </u>

Net Income                                             21,400

Retained earnings (beginning) $31,000

Net Income                                  21,400              

Dividends                                <u>   (12,000)   </u>

Ending Retained Earnings         40,400

Balance Sheet

Assets

current

Cash                           10,100

Accounts receivable  11,700

Prepaid insurance  <u>    3,500   </u>

total current              25,300

Non-Current

Equipment(net)         48,400

Total Assets:              73,700

Liabilities

Accounts payable                18,300

Salaries and wages payable 3,000

Total Liabilities                      21,300

Equity

Common stock           12,000

Retained Earings        40,400

Total Equity                 52,400

Total Liabilities + Equity        73,700

Explanation:

First, we do the income statmeent which is revenues less expenses accounts

Then, we do the retained earnings.

To the beginning balance we add up the net income and subtract the dividends.

Then, end with the blaance sheet:

first assets in order of liquity

then liabilities and last equity using the retained earnings balance we calcualted.

5 0
3 years ago
Other questions:
  • Challenger Factory produces two similar products: regular widgets and deluxe widgets. The total factory overhead budget is $675,
    9·1 answer
  • In a database, a group of related records is referred to as a(n) ________.
    14·1 answer
  • FOLLOW BACK GIVEAWAY !!
    5·2 answers
  • You are the sales manager for a software company and have been informed that the price elasticity of demand for your most popula
    10·1 answer
  • Sarah and stephanie are determined to make their business plan look as professional as possible. in order to make sure it's orga
    8·1 answer
  • In a push based system of distribution which relies on selling to customers through a sales force and retail partners, managers
    10·1 answer
  • Use the following information about the current year's operations of a company to calculate cash provided by operations. Net inc
    15·1 answer
  • Suppose the Baldwin company shifts focus to only competing in the Thrift and Nano segments, while competing on price by reducing
    11·1 answer
  • Kelsey is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for merchandise for t
    5·1 answer
  • Roderigo has just finished paying back his $8,575 unsubsidized stafford loan, which he took out to fund his four-year degree. th
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!