Which would be most prominent in an organization's explanation for beginning and/or engaging in CSR initiatives?
A) Organizational ethics
B) General ethics
C) Normative ethics
D) Applied ethics
A
Explanation: A) General, normative, and applied ethics are categories of theoretical and philosophical discussion. Organizations would explain why they began/engage in CSR using organizational ethics and not focus on the reason for ethical behavior as their motivation.
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Partners Y & Z each had $75,000 of capital on December 31 . The partnership agreement calls for a profit and loss distribution of 10% on invested capital at the beginning of the year
Assuming a net income of $100,000 what would the distribution be for both partners? a. Undetermined b. $7,500 c. $15,000 d. Y would receive $7500 and Z would receive $15,000
The concept of reasonable assurance suggests that
a. the cost of an internal control should be less than the benefit it provides b. a well-designed system of internal controls will detect all fraudulent activity c. the objectives achieved by an internal control system vary depending on the data processing method d. the effectiveness of internal controls is a function of the industry environment