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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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A client has a bone marrow aspiration performed. After the procedure, what is the first nursing action?
Ede4ka [16]

Answer:

apply pressure over the aspiration site

Explanation:

Bone marrow aspiration is a difficult and delegate procedure which is performed inside bigger bones which generate red blood cells, white blood cells and platelets. After bone marrow aspiration, the first nursing action must be to apply pressure over the aspiration site to help circulate the blood. A small bandage area is the aspiration site where the needle went to operate the affected area.

4 0
3 years ago
The pattern of faulty and biased decision making that happens in groups whose members strive for agreement at the expense of goo
True [87]

Answer:

"Groupthink " would be the right answer.

Explanation:

  • Group-thinking seems to be a tendency that happens whenever a segment of the population achieves agreements without rational thought or consideration of the implications or replacements.
  • The tendency generates tension within the same group the seeks to suppress imagination but innovation to avoid confrontation.
8 0
3 years ago
Ben has two options this weekend. He could work at his job and earn $8 per hour for three hours, or he could go to an exhibit at
crimeas [40]

Answer:

Opportunity cost= -$54

Explanation:

Giving the following information:

He could work at his job and earn $8 per hour for three hours, or he could go to an exhibit at the art museum for those three hours. A ticket for the event costs $30.

The opportunity cost is the "cost" of not taking other alternatives.

Opportunity cost= total revenue - economic profit

Opportunity cost= -30 - 24= -$54

3 0
3 years ago
Marsha’s Pet Store employs six employees. Their duties are to sell pets, replenish the stock, keep the pets’ cages clean, feed t
Gemiola [76]

Answer: True.

Explanation:

People sometimes have a tendency of doing only what they are told to do or only what they are paid for. This is why most people who progress in a company do so on the basis of having done work that was not in their description, but would have helped the company progress.

It would appear that Marsha's 6 employees are all of the caliber of employees who just do what they are told and nothing more.

For this reason therefore, she would include a stipulation changing the scheme to include careful performance of the other duties before any sales commission can be earned. This way they'll start to do those other things since they are now paid to do so.

8 0
3 years ago
There is a bias in the political process against free trade because ______.
Helga [31]

Answer:

B. those who lose from free trade are better organized than those who gain.

Explanation:

There is a bias in the political process against free trade because <u>those who lose from free trade are better organized than those who gain</u>.

Free trades are the business agreement between two or more countries to import or exports among these countries does not have tax duties to follow, which boast their relationship and economy of countries as people can get quality goods at very low cost from other nation, however, many domestic organized sectors the affected by the free trade as they lose customer and revenue. Therefore, free trade has a negative effect on the local producer, which causes bias in the political process against free trade.

3 0
3 years ago
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