Pam is a receptionist for Dunderhead Paper Co., which has strict corporate policies on appropriate use of corporate resources. The first week of August, Pam saw Michael, the branch manager, putting pencils, pens, erasers, paper and other supplies into his briefcase on his way out the door. This situation best reflects a weakness in which aspect of internal environment, as discussed in the COSO Enterprise Risk Management Framework?
A) Integrity and ethical values
B) Risk management philosophy
C) Restrict access to assets
D) Methods of assigning authority and responsibility
Answer: A) Integrity and ethical values
Business
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The Management in Action case details how some countries are afraid to divest from Huawei because of the unpredictability and cost associated with doing so. Generally, countries exhibiting this type of behavior may be ________ on the cultural dimension of ________.
A. high; institutional collectivism B. low; institutional collectivism C. low; uncertainty avoidance D. high; power distance
Business
The incremental cost of building the next unit of a good is called the:
A) Law of One Price. B) variable cost. C) marginal cost. D) fixed cost.
Business