Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN: 9781337485913
Author: BROOKS
Publisher: Cengage
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One of the restaurant in Sohar operates in a space designated for a retail store and does not follow the rules for noise, outdoor
storage, hours of operation, and other rules.This is an example of:
O a. Social Obligation
O b. Social opposition
O C. Social Contribution
O d. Social Response
Many fast food chains, such as McDonald's, will occasionally discontinue restaurants in their system. What are some financial considerations in deciding to eliminate a store? In other words, what does McDonald's need to take into consideration when making this type of decision. In addition, do you think there are other non-financial measures should be considered?
A council health inspector threatens to close down a restaurant by issuing a fake health violation notice if the owner does not make a financial payment to him. If the restaurant owner does not cooperate, the restaurant cannot be opened for business and the negative publicity will drive customers away. Faced with the potential economic loss, the owner makes the payment.
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- The top management of a fast-food hamburger chain is considering installing point-of-sale machines that will allow customers to pay for food with a credit card or debit card. Previously, the restaurant has accepted only cash.What information could the management accounting department supply to assist management with this decision?arrow_forwardIn the decision by a grocery company that is trying to decide whether to keep or drop the bakery department in its grocery stores, what would the bakery managers salary be in relationship to the decision if the manager will be laid off?arrow_forwardThe government made it compulsory for all citizens to wear mask in public places. Because of high usage of mask there is shortage of mask availability. Mr Lala is having huge stock of mask in his shop. But he is waiting to sell when there is no choice for the people to buy at high price from his shop. This action is called? a.Discrimination b.Hoarding c.Interest d.Swearingarrow_forward
- 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 environmentarrow_forwardNestlés 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 countriesarrow_forwardWhich 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 payarrow_forward
- 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?arrow_forwardWhich 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.arrow_forwardMaking 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?arrow_forward
- 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…arrow_forwardA 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. Hoardingarrow_forward
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