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Katena32 [7]
3 years ago
6

Please consider the scenario below and let us know if you believe Lauren Smith's actions to be ethical. Please let us know why o

r why not.
Lauren Smith is the controller for Sports Central, a chain of sporting goods stores. She has been asked to recommend a site for a new store. Lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. Lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. Therefore, Lauren recommended locating the new store in her uncle’s shopping plaza. In making her recommendation to management, she did not disclose that her uncle owns the shopping plaza.

if management decided to go with Lauren's uncle's plaza, what additional information would be needed in the financial statements?
Business
1 answer:
9966 [12]3 years ago
8 0

Answer:

there should be a related party (connected person) disclosure in the financial statement.

Explanation:

Lauren Smith's action is unethical. Having not disclosed this to management is a dishonest action. Ethical behaviour entails being honest and truthful at all times. In accounting (financial statement reporting) connected persons transactions are disclosed as notes to the account. This is to determine it such transactions were done below market value or for other considerations.

Thus, the transaction (lease) will have a note stating that the lease was from an Uncle of the firm's financial controller.In this way, it will show transparency that the firm is not trying to hide some fundamental facts of the transaction.

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the price that can be affordable for every one and it should be by the opinion of the common people and labours

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3 years ago
What does claim mean
tino4ka555 [31]

Answer:

claim

/klām/

verb

state or assert that something is the case, typically without providing evidence or proof.

"he claimed that he came from a wealthy, educated family"

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assert

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noun

1.

an assertion of the truth of something, typically one that is disputed or in doubt.

"he was dogged by the claim that he had CIA links"

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assertion

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affirmation

avowal

averment

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case

allegation

pretense

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2.

a demand or request for something considered one's due.

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Explanation:

4 0
4 years ago
Read 2 more answers
Imagine you are the marketing manager for a U.S. manufacturer of disposable diapers. Your firm is considering entering the Brazi
Radda [10]

Answer:

1) The firm should not use the same advertisements in the U.S. and Brazil because culture plays an important role in advertising, and the cultures of both countries are very different. Something that is culturally acceptable in the U.S. might no be so in Brazil and viceversa, and advertisements usually make use of cultural references to build rapport with the potential customers.

When determining the local prices in Brazil, management should take advice from local managers but it should still try to determine the final prices only after doing extensive market research.

2) I do not agree. On the contrary, it is likely that we will see a trend toward increasing product customization. This is because more countries are becoming wealthier (for example, China and India), and as a consquence, people now have more disposable income than before, and can be more demanding when it comes to the products they buy.

3) Depending on the country, the job experience for expatriates can be very difficult. Language is probably the most common hardship, if the expatriate does not speak well the language of the host country, then he will likely have a very hard time in the workplace.

Cultural shock, lack of personal relationships, and a general lack of knowledge about how things work can also cause problems.

Companies should train employees before they are sent abroad. They should try to send employees who speak the language of the country if possible, and if not, help them learn a few basics at least. Companies should also instruct their employees about the general culture, geography, laws, and customs present in the country of destination.

5 0
3 years ago
Which task is unique to the Management and Entrepreneurship career pathway?
IrinaVladis [17]

Answer:

C. Receiving complaints

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7 0
4 years ago
DVDs can be produced at a constant marginal cost, and Roaring Lion Studios is releasing the DVDs for its last two major films. T
Elena L [17]

Answer:

B) MC = $15

Explanation:

Base on the scenario been described in the question, the marginal cost (MC) is calculated using the following formula

To calculate marginal cost, divide the difference in total cost by the difference in output between 2 systems.

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3 years ago
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