Category > AccountingPosted 19 Dec 2017My Price10.00
criterion for determining action as legal
I need help with these questions in attached, my homework is due today.
1.The best criterion for determining if a given ac±on or choice is ethical is to determine if itis legal, because all legal ac±ons are inherently ethical. (True/ False)2.Planning involves the development of both short-term and long-term objec±ves and goals. (True/ False)3.A company’s reliance on technology has not exposed it to more risk. (True/ False)4.Set-up costs for a machine is an example of batch-level costs. (True/ False)5.The deprecia±on cost for a manufacturing building is an example of a commi²ed ³xed cost: (True/ False)6.The primary advantage of the high-low method of cost es±ma±on over the least-squaresregression method is its Limited data requirements (True/ False)7.Mixed cost behavior pa²ern is unrelated to unit ac±vity level. (True/ False)8.Managerial accountants facilitate the decision-making process within an organiza±on. (True/ False)9.A corporate governance system is not used by a company to promote corporate fairness,transparency, and accountancy. (True/ False)10. Avoidable costs are relevant costs, including opportunity costs, not sunk costs or costs that do not di´er or cannot be eliminated. (True/ False)11. A life cycle cos±ng system includes all costs incurred throughout a product's life, not just in manufacturing and selling of the product. (True/ False)12. Direct costs can be economically and easily traced to a product. (True/ False)13. External forces are more important in shaping a company’s corporate governance system than internal forces. (True/ False)14. A framework for decision making include: (1) De³ning the Problem (2) Iden±fying Objec±ves (3) Iden±fying and Analyzing Op±ons (4) Considering Ethical Rami³ca±ons (5) Selec±ng the Best Op±on. (True/ False)15. Codes of ethics can reduce the likelihood of individual discre±on; establish the tone of a company in the absence of guidance; be a consensus building tool for employees; and convey the values and beliefs that are important to a company. (True/ False)16. Value chain analysis concerns the study of value-producing ac±vi±es, stretching from basic raw materials to the ³nal consumer of a product or service. (True/ False)17. The valve chain is the set of ac±vi±es that increase the value of an organiza±on's productand services. (True/ False)18. In deciding whether to sell a joint product or to process it further, any costs incurred prior to the split-o´ point are sunk costs and are, therefore, irrelevant costs. (True/ False)
